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Last update: November 19, 2024

Sovereign bonds: China seeks closer ties to the Saudi economy

IMAGO / agefotostock
China and Saudi Arabia want to coordinate their strategic initiatives. This is another reason why Chinese bonds can now be purchased in Saudi Arabia.
For the first time since 2021, China has issued sovereign bonds in US dollars. Since last week, Saudi Arabian investors have been able to subscribe to corresponding sovereign bonds issued by the People's Republic, which total two billion US dollars. The issue on the Saudi financial market is a further building block in the closer economic ties between the two countries.
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