{"id":103765,"date":"2026-01-06T00:00:00","date_gmt":"2026-01-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?p=103765"},"modified":"2026-01-06T09:09:16","modified_gmt":"2026-01-06T09:09:16","slug":"fresh-paper-to-start-the-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2026\/01\/06\/fresh-paper-to-start-the-year\/","title":{"rendered":"Fresh paper to start the year"},"content":{"rendered":"

Saudi Arabia\u2019s first international bond issuance of the year saw it raise USD 11.5 bn in<\/strong> USD-denominated notes<\/strong>, with the four-tranche offering carrying maturities of three, five, 10, and 30 years, Bloomberg reports, citing a source it says is familiar with the matter. The debt sale attracted as much as USD 29 bn in bids. <\/p>\n

The bonds were priced at spreads tightened from their initial guidance<\/strong>, with the 30-year tranche \u2014 which drew in the lion\u2019s share of demand \u2014 priced at 110 bps over US Treasuries. That\u2019s 30 bps tighter than initial guidance. The final pricing of the other tranches was not disclosed. <\/p>\n

Why this matters:<\/strong> The issuance comes just a few short days after Finance Minister Mohammed Al Jadaan approved the Kingdom\u2019s borrowing plan for the year<\/a>, which implies a targeted USD 14-17 bn of borrowing to cover its SAR 165 bn budget deficit. That range of borrowing would be below levels seen in past years; the lower end of the range would be the lowest bond volume since 2022, while hitting USD 17 bn in borrowing would still be below last year\u2019s volume. Debt remains an important financial lever for Saudi Arabia to ensure consistent cashflow for gigaprojects. <\/p>\n

An overshoot coming?<\/strong> Goldman Sachs Group forecasts that the Kingdom will issue USD 25 bn in international debt this year, Bloomberg says, suggesting that an overshoot of debt targets could be in the cards. <\/p>\n

Background:<\/strong> The Kingdom also tapped<\/a> bank financing in the first move under the government\u2019s \u201cdeficit by design\u201d phase earlier this week as the National Debt Management Center lined up a USD 13 bn (SAR 48.8 bn), seven-year syndicated loan to fund utility and infrastructure projects.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n","protected":false},"excerpt":{"rendered":"

The offering covers maturities of three, five, 10, and 30 years<\/p>\n","protected":false},"author":1,"featured_media":103766,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2590],"tags":[2441,57,10],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-103765","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt","tag-debt-watch","tag-enterpriseam-ksa","wpautop","entry"],"acf":{"mongo_id":"6b467899-784e-4344-b211-a0967f4841a4","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/5\/95.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Saudi raises USD 11.5 bn in first international bond issuance of 2026","related_issue":[103757],"teaser":"The offering covers maturities of three, five, 10, and 30 years","photo_link":"","related_sponsor":"","voice_url":"","en_translation_ref_id":"","section_story_id":""},"yoast_head":"\nFresh paper to start the year - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2026\/01\/06\/fresh-paper-to-start-the-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fresh paper to start the year\" \/>\n<meta property=\"og:description\" content=\"The offering covers maturities of three, five, 10, and 30 years\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2026\/01\/06\/fresh-paper-to-start-the-year\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2026-01-06T00:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-01-06T09:09:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/95.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2026\/01\/06\/fresh-paper-to-start-the-year\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2026\/01\/06\/fresh-paper-to-start-the-year\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Fresh paper to start the year\",\"datePublished\":\"2026-01-06T00:00:00+00:00\",\"dateModified\":\"2026-01-06T09:09:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2026\/01\/06\/fresh-paper-to-start-the-year\/\"},\"wordCount\":299,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2026\/01\/06\/fresh-paper-to-start-the-year\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/95.jpg?fit=%2C&ssl=1\",\"keywords\":[\"debt\",\"debt watch\",\"EnterpriseAM KSA\"],\"articleSection\":[\"DEBT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2026\/01\/06\/fresh-paper-to-start-the-year\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2026\/01\/06\/fresh-paper-to-start-the-year\/\",\"name\":\"Fresh paper to start the year - KSA\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2026\/01\/06\/fresh-paper-to-start-the-year\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2026\/01\/06\/fresh-paper-to-start-the-year\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/95.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2026-01-06T00:00:00+00:00\",\"dateModified\":\"2026-01-06T09:09:16+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2026\/01\/06\/fresh-paper-to-start-the-year\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/ksa\/2026\/01\/06\/fresh-paper-to-start-the-year\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2026\/01\/06\/fresh-paper-to-start-the-year\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/95.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/95.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2026\/01\/06\/fresh-paper-to-start-the-year\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/ksa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Fresh paper to start the year\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"name\":\"KSA\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\",\"name\":\"KSA\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42482.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42482.svg\",\"caption\":\"KSA\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Fresh paper to start the year - KSA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/ksa\/2026\/01\/06\/fresh-paper-to-start-the-year\/","og_locale":"en_US","og_type":"article","og_title":"Fresh paper to start the year","og_description":"The offering covers maturities of three, five, 10, and 30 years","og_url":"https:\/\/enterpriseam.com\/ksa\/2026\/01\/06\/fresh-paper-to-start-the-year\/","og_site_name":"KSA","article_published_time":"2026-01-06T00:00:00+00:00","article_modified_time":"2026-01-06T09:09:16+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2025\/5\/95.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/ksa\/2026\/01\/06\/fresh-paper-to-start-the-year\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/2026\/01\/06\/fresh-paper-to-start-the-year\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Fresh paper to start the year","datePublished":"2026-01-06T00:00:00+00:00","dateModified":"2026-01-06T09:09:16+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2026\/01\/06\/fresh-paper-to-start-the-year\/"},"wordCount":299,"publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2026\/01\/06\/fresh-paper-to-start-the-year\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/5\/95.jpg?fit=%2C&ssl=1","keywords":["debt","debt watch","EnterpriseAM KSA"],"articleSection":["DEBT WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/ksa\/2026\/01\/06\/fresh-paper-to-start-the-year\/","url":"https:\/\/enterpriseam.com\/ksa\/2026\/01\/06\/fresh-paper-to-start-the-year\/","name":"Fresh paper to start the year - KSA","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2026\/01\/06\/fresh-paper-to-start-the-year\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2026\/01\/06\/fresh-paper-to-start-the-year\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/5\/95.jpg?fit=%2C&ssl=1","datePublished":"2026-01-06T00:00:00+00:00","dateModified":"2026-01-06T09:09:16+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/ksa\/2026\/01\/06\/fresh-paper-to-start-the-year\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/ksa\/2026\/01\/06\/fresh-paper-to-start-the-year\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/2026\/01\/06\/fresh-paper-to-start-the-year\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2025\/5\/95.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/5\/95.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/ksa\/2026\/01\/06\/fresh-paper-to-start-the-year\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/ksa\/"},{"@type":"ListItem","position":2,"name":"Fresh paper to start the year"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/ksa\/#website","url":"https:\/\/enterpriseam.com\/ksa\/","name":"KSA","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/ksa\/#organization","name":"KSA","url":"https:\/\/enterpriseam.com\/ksa\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42482.svg","contentUrl":"https:\/\/ent.news\/internal\/42482.svg","caption":"KSA"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2025\/5\/95.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2025\/5\/95.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2025\/5\/95.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/103765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/comments?post=103765"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/103765\/revisions"}],"predecessor-version":[{"id":103804,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/103765\/revisions\/103804"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/issue\/103757"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media\/103766"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media?parent=103765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/categories?post=103765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/tags?post=103765"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/brand?post=103765"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=103765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}