RIYADH May 2 The Saudi Arabian government is
likely to tap the international and domestic bond markets again
this year, depending on demand for its debt and the pricing it
can obtain, finance minister Mohammed al-Jadaan said on Tuesday.
He told an investment conference that the state budget
deficit would be funded with three streams - international debt,
local debt and drawing down the government's financial reserves
- and that using the reserves would be the last resort.
Saudi Arabia issued a debut, $17.5 billion sovereign
international bond last year and made a $9 billion sukuk issue
last month. It halted monthly domestic bond issues late last
year to ease pressure on liquidity in the banking system.
(Reporting by Reuters Riyadh team; Writing by Andrew Torchia)