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FILE PHOTO: Saudi Crown Prince Mohammed bin Salman speaks during the Future Investment Initiative Forum in Riyadh, Saudi Arabia October 24, 2018. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERS
LONDON/DUBAI (Reuters) - Saudi Arabia’s 2060 Eurobond rose on Friday after Crown Prince Mohammed bin Salman was spared U.S. sanctions over the 2018 killing of journalist Jamal Khashoggi, though short-term debt and a basket of Saudi stocks ended lower.
The April 2060 sovereign issue was up more than 1 cent, while the 2025 and 2030 were both down 0.5 cent after the Biden administration announced sanctions and visa bans targeting Saudi citizens, but stopped short of imposing sanctions on Crown Prince Mohammed bin Salman (MBS) himself.