Goldman, Deutsche Bank Said Among Saudi Bond Lead Managers

audi Arabia appointed six banks as co-lead managers on its first international bond sale as the country looks to plug a budget deficit caused by the drop in oil prices, according to people familiar with the matter. The kingdom hired Bank of China Ltd., BNP Paribas SA, Deutsche Bank AG, Goldman Sachs Group Inc., Mitsubishi UFJ Financial Group Inc. and Morgan Stanley to arrange the sale, the people said, asking not to be identified as the information is private. The banks will hold a meeting later this month to start working on the deal, two of the people said. The managers will work with HSBC Holdings Plc, JPMorgan Chase & Co. and Citigroup Inc., who were said to have been appointed global coordinators last month for the sale of at least $10 billion of bonds.

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