Saudi Arabia has finalized the pricing of a $7bn international bond issuance aimed at bolstering government finances as oil-revenues contract sharply, the Ministry of Finance confirmed on 16 April. The debt will be issued in three tranches. A $2.5bn offering of 5-year notes (maturing in 2025), $1.5bn of 10-year notes (maturity 2030) and a $3bn offering of 40-year notes (maturity 2060). The ministry states that total orders amounted to more than $54bn. The size of the offering is less than the $10bn earlier speculated by Reuters. Saudi Arabia’s move comes after Qatar and Abu Dhabi launched international offerings of $10bn and $7bn respectively.