Reported over 1 year ago
Saudi Arabia has overtaken China as the top issuer of international debt among emerging markets, ending Beijing's 12-year dominance. Data shows Saudi Arabia is borrowing at a record pace to support Crown Prince Mohammed bin Salman's Vision 2030 plan, while China has slowed international bond sales. The Kingdom's increased bond sales aim to fund projects diversifying the economy and establishing itself as a global business hub. Overall, emerging markets are experiencing a surge in bond issuance amid low borrowing costs and high demand for returns.
Source: YAHOO