JEDDAH — Saudi Arabia has sold a new tranche of bonds worth SR20 billion ($5.33 billion) to banks to help cover its deficit, the Maaal financial website said on Wednesday, citing informed sources. The five-year tranche carried a coupon of 1.92 percent, while the seven-year portion had a rate of 2.34 percent and the 10-year issue pays 2.65 percent, according to Maaal. The maturities and coupons were the same as in the previous offering in August, also worth 20 billion riyals. That was the first issue that was sold to banks in the kingdom. A separate offering in July was placed with state-owned financial institutions. — Reuters
