RIYADH: Saudi Arabia’s Public Investment Fund has successfully priced a $4 billion bond issuance, divided into two tranches. The offering was met with strong demand, attracting global investors and resulting in an order book of approximately $16 billion — four times the initial offering size, said a statement. According to the statement, PIF issued $2.4 billion in five-year debt instruments and an additional $1.6 billion in securities with a maturity of nine-and-a-half years, under its Euro Medium-Term Note Program.