Saudi Arabia's sovereign wealth fund will issue its first US dollar bond since the Iran War According to Golden Finance, on May 7th, the Saudi Public Investment Fund is issuing multiple US dollar bonds, indicating that issuers in the Gulf region are returning to the public market after the market turmoil caused by the Iran conflict. According to insiders, this sovereign wealth fund is issuing three-year, seven-year and 30-year US dollar benchmark bonds. The initial price guidance is 130 to 170 basis points higher than that of US treasury bond bonds, and the final terms are expected to be announced later on Thursday. This issuance comes at a time when the primary market in the Middle East is tentatively restarting. Previously, the National Bank of the United Arab Emirates recently completed an additional Tier 1 capital bond (AT1) transaction, and Abu Dhabi First Bank also completed an Islamic bond issuance on Wednesday. These transactions mark a turning point in the market, as issuers have generally turned to private equity channels for financing during periods of heightened geopolitical uncertainty. The issuance of bonds by the Saudi Public Investment Fund will provide a new test of investors' risk appetite for longer-term assets in the Gulf region, especially the 30-year tier, and help establish pricing benchmarks for regional borrowers after weeks of sluggish syndicated financing activities. (Dongxin Society)