Saudi Arabia Taps Debt Markets With Three-Part Dollar Sukuk Sale

Saudi Arabia is looking to raise money through the sale of dollar-denominated sukuk as it seeks to plug a hole in its finances and fund spending on Crown Prince Mohammed bin Salman ’s economic diversification drive. The kingdom mandated banks for a three-part offering of three-, six- and 10-year notes, according to a person familiar with the matter, who asked not to be identified because they’re not authorized to speak about it. The bonds may yield between 85 basis points and 110 basis points more than comparable US Treasuries, the...