{"id":93851,"date":"2025-01-29T00:00:00","date_gmt":"2025-01-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/01\/29\/pif-completes-pricing-of-usd-4-bn-bond-issuance\/"},"modified":"2025-01-29T00:00:00","modified_gmt":"2025-01-29T00:00:00","slug":"pif-completes-pricing-of-usd-4-bn-bond-issuance","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/01\/29\/pif-completes-pricing-of-usd-4-bn-bond-issuance\/","title":{"rendered":"PIF completes pricing of USD 4 bn bond issuance"},"content":{"rendered":"

<\/strong>The Public Investment Fund\u2019s (P<\/strong>IF) <\/strong>USD 4 bn bond issuance<\/a><\/strong> was<\/strong> nearly 4x oversubscribed<\/strong>, with an order book of approximately USD 16 bn, the sovereign wealth fund said in a statement<\/a> yesterday. The issuance comes as part of the PIF\u2019s EUR Medium-Term Note Program, with the proceeds set to be \u201cutilized for general corporate purposes,\u201d the statement reads.<\/p>\n

The details:<\/strong> The two-tranche issuance consisted of one USD 2.4 bn (SAR 9 bn) tranche with a five-year tenor, and a USD 1.6 bn (SAR 6 bn) tranche with a 9.5-year maturity, according to the statement. The PIF is rated Aa3 by credit rating agency Moody\u2019s with a stable outlook and A+ by Fitch Ratings, also with a stable outlook. <\/p>\n

The PIF has been active in the debt market this year:<\/strong> The fund also completed a USD 7 bn murabaha credit facility<\/a> earlier this month, backed by a syndicate of 20 unnamed international and regional financial institutions, as part of its \u201cmedium-term capital raising strategy.\u201d<\/p>\n

What they said:<\/strong> \u201cContinued strong demand from international institutional investors is testament to PIF\u2019s diversified investor base, robust medium-term capital raising strategy and strong credit profile. These factors allow uninterrupted access to the global capital markets and support PIF\u2019s efforts in driving Saudi Arabia\u2019s economic transformation,\u201d PIF\u2019s Ahmed Alrobayan said. <\/p>\n

ADVISORS-<\/strong> BNP Paribas SA, Citigroup, Goldman Sachs, HSBC Holdings, JPMorgan Chase, and Standard Chartered managed the issuance.<\/p>\n","protected":false},"excerpt":{"rendered":"

The proceeds are set to be \u201cutilized for general corporate purposes\u201d<\/p>\n","protected":false},"author":1,"featured_media":93852,"comment_status":"","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":[57,10,1151],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-93851","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt-watch","tag-enterpriseam-ksa","tag-public-investment-fund-pif","wpautop","entry"],"acf":{"mongo_id":"da786106-54b2-4fd0-89ed-313fff21efff","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/1\/2116.jpg","photo_position":"above","homepage_title":"","full_issue_title":"PIF completes pricing of USD 4 bn bond issuance as part of its Euro Medium-Term Note Program","related_issue":[93846],"teaser":"The proceeds are set to be \u201cutilized for general corporate purposes\u201d","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.1472a3f0-df94-44b8-a7c5-85361608d604.mp3"},"yoast_head":"\nPIF completes pricing of USD 4 bn bond issuance - 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