‎PIF sets initial pricing for 3-tranche bond issuance

‎PIF sets initial pricing for 3-tranche bond issuance ‎PIF sets initial pricing for 3-tranche bond issuance

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Logo ofThe Public Investment Fund (PIF)

The Public Investment Fund (PIF) is planning to issue benchmark-sized bonds across threetranches, Reuters reported, citing IFR.

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The fund set initial price guidance at around 130 basis points over US Treasuries for the 3-year tranche, 135 basis points for the 7-year tranche, and 170 basis points for the 30-year tranche.

Citigroup, Goldman Sachs, HSBC, and JPMorgan are acting as joint bookrunners and global coordinators for the offering, the report said.

 

Logo ofThe Public Investment Fund (PIF)

The Public Investment Fund (PIF) is planning to issue benchmark-sized bonds across threetranches, Reuters reported, citing IFR.

The fund set initial price guidance at around 130 basis points over US Treasuries for the 3-year tranche, 135 basis points for the 7-year tranche, and 170 basis points for the 30-year tranche.

Citigroup, Goldman Sachs, HSBC, and JPMorgan are acting as joint bookrunners and global coordinators for the offering, the report said.

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