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Saudi Arabia draws $67 billion demand for first international bond

A man walks past the Kingdom Centre Tower in Riyadh, Saudi Arabia

ASIA: Saudi Arabia attracted massive investor demand of about $67 billion on Wednesday for its first international bond offer, as the world's top crude exporter allayed concern about the impact of low oil prices on its finances.

A source familiar with the offer said order books had come close to the $69 billion record for an emerging markets bond issue that was set by Argentina in April this year.

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