The Saudi government is in talks with local banks with a view of marketing a new batch of local currency bonds worth SR20bn ($5.3bn), to be allocated imminently, according to local financial website Maaal.

This will bring to SR95bn ($25bn) the total amount of bonds issued by Riyadh this year. Issues resumed in July for the first time since 2007 with the sale of SR15bn ($4bn) in bonds to the local market to cover a budget deficit created by low oil prices. (CONTINUED - 384 WORDS)