Higgins: Saudi Bonds A Risk That Maybe Worth Considering

Bloomberg Video

October 19 -- Saudi Arabia told investors how much it’s willing to pay on its debut international bond sale to help finance a budget deficit that ballooned to the widest in more than two decades as oil prices collapsed, according to people familiar with the matter. The government aims to sell dollar-denominated bonds due in five years for about 160 basis points over similar maturity U.S. Treasuries, 10-year notes at a spread of 185 basis points and 30-year securities at 235 basis points, the people said, asking not to be identified because the information is private. Coutts & Company Chief Investment Officer Alan Higgins discusses with Anna Edwards and Manus Cranny on "Bloomberg Daybreak: Europe."