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2 days ago | 
news.bloomberglaw.com | Tasos Vossos |Abhinav Ramnarayan |Olga Voitova
Saudi Arabia’s banks are rushing to issue risky debt as the kingdom grapples with the mammoth spending demands of building a futuristic new city and hosting global sporting events. Lenders including and have sold more than $5.6 billion in Additional Tier 1 bonds so far this year — already reaching an annual record for the country — as lenders look to free up capital for so-called gigaprojects.
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2 days ago | 
bloomberg.com | Tasos Vossos |Abhinav Ramnarayan |Olga Voitova
Renderings of Saudi Arabia's futuristic city Neom project. (Bloomberg) -- Saudi Arabia’s banks are rushing to issue risky debt as the kingdom grapples with the mammoth spending demands of building a futuristic new city and hosting global sporting events.
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1 week ago | 
news.bloomberglaw.com | Olga Voitova
Telegram raised $1.7 billion from convertible bonds that it will use to retire existing debt and lengthen the maturity of its debt. The fast-growing messaging platform will use some of the proceeds from the new five-year notes to tender for $955 million of debt due in 2026, according to data compiled by Bloomberg. The transaction also raised $745 million of new funds.
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1 week ago | 
bloomberg.com | Olga Voitova
The Telegram app. (Bloomberg) -- Telegram raised $1.7 billion from convertible bonds that it will use to retire existing debt and lengthen the maturity of its debt. The fast-growing messaging platform will use some of the proceeds from the new five-year notes to tender for $955 million of debt due in 2026, according to data compiled by Bloomberg. The transaction also raised $745 million of new funds.
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1 week ago | 
rigzone.com | Olga Voitova
Saudi Aramco sold its first dollar-bond sale of 2025 on Tuesday, a $5 billion deal as the world’s biggest oil exporter looks to leverage its balance sheet.
The transaction consists of three tranches, according to a person familiar with the matter who asked not to be identified as they’re not authorized to speak publicly.
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1 week ago | 
bloomberg.com | Olga Voitova
Aramco’s net debt rose to the highest in almost three years in the first quarter. (Bloomberg) -- Saudi Aramco sold its first dollar-bond sale of 2025 on Tuesday, a $5 billion deal as the world’s biggest oil exporter looks to leverage its balance sheet. The transaction consists of three tranches, according to a person familiar with the matter who asked not to be identified as they’re not authorized to speak publicly.
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1 month ago | 
bloomberg.com | Olga Voitova |Dinesh Nair
Telegram is holding investor meetings about a bond sale worth about $2 billion as the social media app seeks to refinance its debut debt offering from 2021, according to people familiar with the situation. The messaging service’s managers are holding discussions on offering the new notes with a number of interested parties, said the people, who declined to be identified because they aren’t authorized to speak publicly. The proceeds may be used to refinance a dollar bond due next March.
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1 month ago | 
news.bloomberglaw.com | Olga Voitova |Dinesh Nair
Telegram is holding investor meetings about a bond sale worth about $2 billion as the social media app seeks to refinance its debut debt offering from 2021, according to people familiar with the situation. The messaging service’s managers are holding discussions on offering the new notes with a number of interested parties, said the people, who declined to be identified because they aren’t authorized to speak publicly. The proceeds may be used to refinance a dollar bond due next March.
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1 month ago | 
bloomberg.com | Olga Voitova
The Public Investment Fund booth at the Future Investment Initiative conference in 2022. (Bloomberg) -- Middle Eastern borrowers flooded the primary market with dollar-bond sales Wednesday, marking one of the busiest days for regional credit and Islamic debt this year as they look to take advantage of better market conditions.
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1 month ago | 
bloomberg.com | Slav Okov |Olga Voitova
Rosen Zhelyazkov(Bloomberg) -- Bulgaria sold a total of €4 billion ($4.5 billion) in bonds, its biggest ever haul of euro-denominated debt in a single day, to fund its growing budget deficit in preparation for euro adoption. The Balkan country priced a deal for €2.25 billion in 9-year bonds and €1.75 billion in 13-year securities on Monday, according to a person familiar with the matter who asked not to be identified.
