Saudi Arabia raises £14.35bn and set emerging market world record

Saudi Arabia  sold its debut soverign bond issue  and raised £ 14.35bn ($17.5bn) and set a new emerging market record eclipsing Argentina’s  £13.53bn ($16.5bn)  bond sale earlier this year to become the largest debt issue by an emerging  economy. Saudi Arabia’s  venture into International markets is part of broader plan to divert its economy away…