Saudi Arabia's Sweet Success
Success clears the path for further bond sales and Aramco's IPO.
This article is for subscribers only.
Call it beginner's luck. Saudi Arabia raised $17.5 billion in its debut foreign bond sale, the biggest ever by an emerging-market country.
As a first-time issuer, it's always important to judge the markets mood correctly, even more so when you're likely to become a prolific issuer.