The Public Investment Fund (PIF) of Saudi Arabia has introduced a $4 billion bond offering, as reported by Arab News.
This launch includes $2.4 billion in five-year bonds, priced at 95 basis points over US Treasuries, and $1.6 billion in nine-year bonds, priced at 110 basis points over the same benchmark.
This bond issuance follows PIF’s recent completion of its first Murabaha credit facility, which raised $7 billion, marking a significant step in its long-term capital-raising strategy.
Currently managing $925 billion in assets, PIF aims to expand its portfolio to $2 trillion by 2030, according to Global SWF’s January report.