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Investors demanded the highest rates of interest Saudi Arabia offered at its first sale in a decade of notes with floating-rate coupons, as the nation seeks to plug a widening budget deficit, two people with knowledge of the deal said.The riyal-denominated five-year notes were priced at 25 basis points less than the three-month Saudi Arabia Interbank Offered Rate, said the people familiar with the transaction, compared with an indicated range of 30 to 25 basis points less.The seven-year notes yielded 10 basis points less than three-month Saibor, while the 10-year notes were priced five basis points above the interbank rate, the people said.
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