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JP Morgan Bond Index Entry to Inject Saudi Arabia With $11 Billion

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Saudi Arabia said it expects inflows of around $11 billion into the country’s debt as a result of the inclusion of its international bond issues in JP Morgan’s emerging markets bond indexes.Saudi Arabia, together with the United Arab Emirates, Qatar, Bahrain and Kuwait, will enter JP Morgan’s emerging market government bond indexes next year, JP Morgan announced last week.The move is expected to attract a total of around $30 billion of new foreign investment into their debt.

The Saudi debt management office expects $11 billion of inflows as a result of the entry into the indexes, the Saudi ministry of finance said in a statement. (Shutterstock)

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