Saudi Arabia's PIF launches two-part green bond sale, IFR reports

Oct 7 (Reuters) - Saudi Arabia's Public Investment Fund has set initial price guidance for its benchmark euro-denominated dual-tranche green bond, fixed-income news service IFR reported on Tuesday.

The wealth fund set the indicative price guidance for the 7-year portion of the deal at around 125 basis points over mid-swaps, and 90-95 bps over mid-swaps for 3-year tranche.

Pricing is expected later on Tuesday, IFR said.

(Reporting by Md Manzer Hussain; Editing by Kirsten Donovan)

((mdmanzer.hussain@thomsonreuters.com; +91 8067498453;))

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