Logo ofHSBC
The Ministry of Finance and the National Debt Management Center (NDMC) signed an agreement with HSBC to appoint the global bank as a primary dealer for local government debt instruments. 
In a statement, NDMC said HSBC will join six international financial institutions, namely BNP Paribas, Citigroup, Goldman Sachs, JPMorgan, Standard Chartered, and Société Générale, in addition to 10 local institutions.
The agreement supports Saudi Vision 2030’s objectives under the Financial Sector Development Program (FSDP) by empowering financial institutions and developing an advanced capital market.
The move reinforces the NDMC’s role in expanding access to local debt markets by diversifying the investor base, ensuring sustainable market access, and supporting secondary market development.
These efforts resulted in the dual inclusion of Saudi debt instruments in the JPMorgan Emerging Markets Government Bond Index (GBI-EM) and the Bloomberg EM Local Currency Government Index.
The inclusion is expected to boost the presence of Saudi debt instruments in global investment portfolios, enhance secondary market liquidity, and strengthen the international competitiveness of the local debt market.
NDMC stated that subscriptions in the primary market for local government debt instruments are submitted monthly through contracted primary dealers, which are responsible for receiving investor orders.
Logo ofHSBC
The Ministry of Finance and the National Debt Management Center (NDMC) signed an agreement with HSBC to appoint the global bank as a primary dealer for local government debt instruments.
In a statement, NDMC said HSBC will join six international financial institutions, namely BNP Paribas, Citigroup, Goldman Sachs, JPMorgan, Standard Chartered, and Société Générale, in addition to 10 local institutions.
The agreement supports Saudi Vision 2030’s objectives under the Financial Sector Development Program (FSDP) by empowering financial institutions and developing an advanced capital market.
The move reinforces the NDMC’s role in expanding access to local debt markets by diversifying the investor base, ensuring sustainable market access, and supporting secondary market development.
These efforts resulted in the dual inclusion of Saudi debt instruments in the JPMorgan Emerging Markets Government Bond Index (GBI-EM) and the Bloomberg EM Local Currency Government Index.
The inclusion is expected to boost the presence of Saudi debt instruments in global investment portfolios, enhance secondary market liquidity, and strengthen the international competitiveness of the local debt market.
NDMC stated that subscriptions in the primary market for local government debt instruments are submitted monthly through contracted primary dealers, which are responsible for receiving investor orders.
