Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2016-05-22 15:20:00

SAUDI NEED MORE MONEY

SAUDI NEED MORE MONEY

Saudi Arabia is advancing plans for its first international bond sale as the kingdom seeks to address damage caused to its public finances by lower oil prices.

A number of international banks have been asked to indicate their terms to arrange a sovereign debt issue, according to people familiar with the situation.

Bankers said Saudi Arabia is minded to launch the bond issue later this year.

The kingdom has been planning to raise debt on international markets to slow the sharp decline in foreign exchange reserves, which have been used to sustain domestic spending.

Local banks have also been hit by a rapid decline in domestic liquidity, sparking fears about the government's local bond issuance hampering private sector access to lending.

The size and maturity of Saudi Arabia's first international bond has not been made public, but credit analysts at two European banks suggested that the country might expect to borrow at rates about 200 basis points above equivalent US Treasury bonds.

In April, the kingdom raised $10bn in a five-year loan from global banks including JPMorgan, HSBC and Bank of Tokyo-Mitsubishi in a deal that was several times subscribed and allowed the government to increase the sum borrowed.

The loan is seen as a first step towards sovereign bond issuance and Saudi officials have said that the kingdom could increase debt levels from less than 7 per cent of gross domestic product in 2015 to 50 per cent of GDP by 2020.

Saudi Arabia's debt plans come as falling oil prices encourage other Gulf countries, including Abu Dhabi and Oman, to turn to capital markets for funding, setting a new record for borrowing by Middle Eastern governments so far in 2016. This week, Qatar said it was looking to tap dollar bond markets for the first time in five years.

Between 2014 and early 2016, oil prices fell from more than $100 a barrel to less than $30, leaving some of the world's largest oil exporters in the Middle East facing fiscal and current account deficits for the first time in years.

In May, prices began climbing back towards $50-a-barrel levels for the first time this year following mounting supply disruptions. However, the market remains oversupplied and prices came under pressure on Thursday as investors weighed up the chances of a possible June rate rise following the publication of the Federal Reserve's April policy meeting minutes, resulting in a stronger US dollar.

Saudi Arabia's credit worthiness has been downgraded by all three big global rating agencies this year.

ft.com

-----

Earlier: 

SAUDI WITHOUT REFORMS 

SAUDI'S REALITY 

SAUDI WANT MORE 

SAUDI PRICES UP 

SAUDI VISION 2030 

THE UNPREDICTABLE SAUDI

 

 

Tags: SAUDI, OIL, PRICES, RESERVES

Chronicle:

SAUDI NEED MORE MONEY
2018, January, 22, 08:20:00

RUSSIAN NUCLEAR POWER - 2017

WNA - Apart from adding capacity, utilisation of existing plants has improved markedly since 2000. In the 1990s capacity factors averaged around 60%, but they have steadily improved since and in 2010, 2011 and 2014 were above 81%. Balakovo was the best plant in 2011 with 92.5%, and again in 2014 with 85.1%.

SAUDI NEED MORE MONEY
2018, January, 22, 08:15:00

INDIA'S NUCLEAR POWER - 2017

WNA - India has a flourishing and largely indigenous nuclear power programme and expects to have 14.6 GWe nuclear capacity on line by 2024 and 63 GWe by 2032. It aims to supply 25% of electricity from nuclear power by 2050.

SAUDI NEED MORE MONEY
2018, January, 22, 08:10:00

CHINA'S NUCLEAR POWER - 2017

WNA - Mainland China has 38 nuclear power reactors in operation, about 20 under construction, and more about to start construction. The reactors under construction include some of the world's most advanced, to give a 70% increase of nuclear capacity to 58 GWe by 2020-21. Plans are for up to 150 GWe by 2030, and much more by 2050.

SAUDI NEED MORE MONEY
2018, January, 22, 08:05:00

U.S. - RUSSIA'S NUCLEAR

PLATTS - "The domestic uranium mining industry needs US government assistance to survive the foreign onslaught -- particularly from Russia and Kazakhstan -- that has undermined the US uranium industry while new players -- particularly China -- will soon make the situation worse," Energy Fuels and Ur-Energy said in a petition they jointly filed with the department.

All Publications »