DUBAI, Feb 7 (Reuters) - Saudi Arabia's Public
Investment Fund is selling three-tranche U.S. dollar-denominated
green bonds in tranches of seven, 12 and 30 years, fixed income
news service IFR said on Tuesday.
Initial price guidance was around 145 basis points (bps)
over 3.5% U.S. Treasuries for the seven-year tranche, around 175
bps over 4.125% UST for the 12-year paper and around 215 bps
over 3% UST for the 30-year bonds, IFR said.
Goldman Sachs , JPMorgan and Standard
Chartered Bank were hired as global coordinators for
the debt sale expected to price later on Tuesday, IFR said. Each
tranche will be of benchmark size, which typically means at
least $500 million.
(Reporting by Yousef Saba, Editing by Louise Heavens)
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