Saudi Arabia plans to tap international debt markets for the first time as early as September and set up a bond program amid an unprecedented economic shakeup. The kingdom will prepare for a sale and start a two or three-year program once it concludes a syndicated loan deal, Minister of State Mohammad bin Abdulmalik Al-Sheikh said during a meeting between Bloomberg News and Deputy Crown Prince Mohammed bin Salman and some of his top aides in Riyadh. The government is in talks with banks to raise about $10 billion through a syndicated loan, two people familiar with the matter said this year. Al-Sheikh declined to confirm the details. While the timing of the bond sale depends on market conditions, Al-Sheikh hopes “to work with our financial institutions and our lawyers to prepare ourselves to tap into the markets as early as September,” he said. “We may have our inaugural […]