Saudi Arabia’s ministry of finance has completed the successful pricing of $11 billion in bonds split into three tranches. The transaction was the kingdom’s third international issuance under its global medium-term note programme. It issued $4.5 billion in seven-year notes, $3 billion in 12-year notes and $3.5 billion in 31-year notes. Orders went up to $52 billion, the ministry said in a statement. The issuance is expected to settle around April 17.