Saudi Arabia may issue euro-demonimated bonds this year

DUBAI: Saudi Arabia may issue euro-denominated bonds this year, depending on market conditions, Finance Minister Mohammad Al Jadaan said on Sunday.

Saudi Arabia plans to issue 118 billion riyals ($31.47 billion) in debt this year to help finance the national budget deficit, the country’s Debt Management Office (DMO), part of the ministry of finance, said last month.