Nevertheless, CI expects foreign reserves to provide broadly adequate coverage of short-term external debt (on a remaining maturity basis
) and a reasonable buffer against moderate external economic shocks.
The central bank data show that at the end of December of last year, payment on the principal on the private sector's total outstanding loans of foreign origin amount to $71.7 billion for the next 12 months on a remaining maturity basis
(and was) the first short-term issuance in Saudi Arabia; the first credit enhanced structure incorporating the sharing of assigned government contract payment and the first issuance to be issued on a zero coupon, discount to maturity basis
,' SABB said.
Whilst this is good news for bond holders, the income generated from such investments has fallen significantly on a yield to maturity basis