黑料社区

黑料社区 issues $12bn 3-part bond: NDMC

黑料社区 issues $12bn 3-part bond: NDMC
The transaction is part of NDMC鈥檚 strategy to diversify the investor base and meet 黑料社区鈥檚 financing needs. Shutterstock
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Updated 07 January 2025

黑料社区 issues $12bn 3-part bond: NDMC

黑料社区 issues $12bn 3-part bond: NDMC
  • NDMC said transaction is part of its strategy to diversify Kingdom鈥檚 investor base
  • Three-tranche bond includes selling $5 billion, $3 billion and $4 billion in tenors of three, six and 10 years, respectively

RIYADH: 黑料社区 issued a $12 billion triple-tranche bond under its Global Medium-Term Note Issuance Program, attracting strong investor demand with a total order book of $37 billion. 聽

The offering, issued by the National Debt Management Center, was oversubscribed threefold and included three tranches: a $5 billion three-year bond maturing in 2028, a $3 billion six-year bond maturing in 2031, and a $4 billion 10-year bond maturing in 2035.聽

The聽NDMC said聽the transaction is part of its strategy to diversify the Kingdom鈥檚 investor base and meet its financing needs efficiently through international debt capital markets. 聽聽

The high level of demand reflects investor confidence in 黑料社区鈥檚 economic strength and its long-term investment opportunities.聽聽

This issuance is part of 黑料社区鈥檚 broader fiscal strategy. Earlier this month, the NDMC unveiled the Kingdom鈥檚 annual borrowing plan, targeting approximately SR139 billion ($37 billion) in funding.聽

The plan aims to address an anticipated budget deficit of SR101 billion and refinance SR38 billion in maturing debt, reflecting 黑料社区鈥檚 commitment to fiscal stability as it continues its economic transformation under Vision 2030. 聽聽

As part of the borrowing plan, the NDMC has been marketing international bonds in multiple tranches, with proceeds intended to cover the budget shortfall and service existing debt. 聽聽

Pricing for these bonds has been benchmarked against US Treasury bonds, showcasing 黑料社区鈥檚 strategic approach to accessing global debt markets.聽聽

The NDMC has also been exploring diverse funding sources to support the Kingdom鈥檚 fiscal objectives. 聽聽

In December, it secured a $2.5 billion Shariah-compliant revolving credit facility with a three-year tenure, arranged with both regional and international financial institutions. 聽聽

This facility aligns with the NDMC鈥檚 medium-term debt strategy, aimed at diversifying funding channels while supporting 黑料社区鈥檚 economic growth agenda.聽聽

In January 2024, the NDMC had projected the Kingdom鈥檚 total debt portfolio to reach SR1.115 trillion by the end of the year, with financing focused on servicing debt maturities and addressing the 2024 budget deficit.聽聽

In the first half of 2024, 黑料社区 emerged as the largest dollar debt issuer among emerging markets, excluding China, and the leading global issuer of sukuk, according to Fitch Ratings. 聽聽

This surge is attributed to substantial issuances in the first half of 2024, driven by the government鈥檚 funding needs and strategic economic projects.聽聽

Fitch Ratings projected a significant increase in dollar-denominated debt issuance by 黑料社区 in 2025 as oil revenues moderate. 聽聽

The Kingdom鈥檚 debt capital market is expected to surpass $500 billion in outstanding debt in the medium term, driven by the financing of government giga-projects under Vision 2030, deficit funding, economic diversification efforts, and ongoing structural reforms.聽聽


Concierge demand surges as CEOs relocate to 黑料社区

Concierge demand surges as CEOs relocate to 黑料社区
Updated 12 November 2025

Concierge demand surges as CEOs relocate to 黑料社区

Concierge demand surges as CEOs relocate to 黑料社区

RIYADH: As 黑料社区 attracts a growing influx of CEOs and high-net-worth individuals, the demand for concierge and lifestyle management services is soaring 鈥 with requests becoming increasingly complex and personalized.

鈥淭here鈥檚 an avalanche of people, for all the reasons that you would know, relocating to 黑料社区,鈥 said Sir Ben Elliot, founder of global luxury concierge firm Quintessentially, in an interview with Arab News during TOURISE 鈥 the Saudi Ministry of Tourism-powered global summit held in Riyadh from Nov. 11鈥13.

For many new arrivals, the focus is on navigating practicalities: opening bank accounts, securing cars and drivers, hiring domestic staff, and finding schools for their children. 鈥淵ou need real proactive help to sort stuff out,鈥 Elliot said. 鈥淪ome of that stuff is a minefield.鈥

Over the past 18 months, demand has not only increased but also evolved, prompting Quintessentially to enhance its local operations. Elliot explained that the company is merging international expertise with Saudi talent to ensure high service standards from the outset.

鈥淲e brought people from our offices around the world working with young, brilliant, talented Saudis so that the service that you can expect when you arrive is really ticked off,鈥 he said.

Elliot noted that Quintessentially鈥檚 outbound support for Saudi members is also expanding, reflecting the growing global mobility of Saudi travelers. 鈥淲hat we鈥檙e seeing from Saudis themselves is huge,鈥 he said. 鈥淲e have great people on the ground servicing that.鈥

According to Elliot, the definition of luxury is shifting from material possessions to emotion-driven, experiential value 鈥 especially among younger consumers. 鈥淚f you think about the history of luxury, it has often been about things, materials,鈥 he said. 鈥淭hey want to experience, they want to feel.鈥

He emphasized that brands in hospitality, retail, and travel need to focus on 鈥渕eaningful human touch and relationships.鈥

Elliot highlighted 黑料社区鈥檚 approach to merging sustainability with luxury as a key opportunity for the sector. 鈥淭he Kingdom of 黑料社区 is at the forefront of trying to marry sustainable development alongside a kind of luxury experience,鈥 he said.

He pointed to Diriyah as an example of how cultural authenticity can coexist with modern hospitality and retail offerings. 鈥淲henever I take friends who have never been to 黑料社区, to Diriyah, that to me is a physical manifestation of where culture (and) sustainability meets a pretty kind of modern experience,鈥 he said. 鈥淚t feels absolutely real and authentic.鈥

Elliot said hosting TOURISE in Riyadh was symbolic of the city鈥檚 rapid evolution. 鈥淓veryone can see what鈥檚 happened here in the last 6 or 7 years, it鈥檚 kind of seeing is believing,鈥 he said.

He also reframed sustainability as a shared responsibility across industries, warning that leaders who fail to prioritize environmental and social impact risk alienating younger generations.

Despite the rise of technology, Elliot underscored that the essence of travel and tourism remains deeply human. 鈥淲e humans want to interact with other humans,鈥 he said.