Saudi steps up ambitions with new primary dealers for government debt

Riyadh, Saudi Arabia

Saudi Arabia’s Ministry of Finance and National Debt Management Centre (NDMC) last week signed up five new banks as primary dealers for its local government debt instruments, as it positions itself to grow secondary market trading.

The banks, which include BNP Paribas, Citigroup, Goldman Sachs, JP Morgan and Standard Chartered,…

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Saudi steps up ambitions with new primary dealers for government debt

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