Are Saudi debt markets facing a pricing strike? Issuers are stepping back from the debt capital markets as a 20-30 bps war premium creeps into investment-grade spreads, nudging borrowing costs just high enough to make most issues uneconomical in the near term.
“The market appears to be overpricing short-term geopolitical risks,” Sarah Alyasiri, financial strategist at CFI Financial Global, tells EnterpriseAM. “Current spreads reflect a level of uncertainty that isn’t fully aligned with the Kingdom’s fiscal position,” she…
