Saudi Aramco Raises $4 Billion as Oil Prices Remain Under Pressure

Saudi Aramco Raises $4 Billion as Oil Prices Remain Under Pressure

Saudi oil giant Aramco has issued a $4-billion bond as it tapped the debt market for the first time this year amid persistently weak oil prices in the low $60s per barrel. Aramco, the world’s top crude exporter and biggest international oil company, on Monday announced the start of issuing U.S.-dollar denominated international bonds under its Global Medium Term Note Programme, saying the issuance amount is subject to market conditions. Saudi Ara…

Saudi Aramco Raises $4 Billion as Oil Prices Remain Under the Oil Glut Threat

In a strategic move amid persistently low oil prices and the looming specter of a global oil glut, Saudi Aramco has successfully raised $4 billion through a four-tranche bond issuance, marking its first entry into the global debt markets this year. The state-owned oil giant, the world’s largest crude exporter, issued bonds with maturities of three, five, 10, and 30 years, attracting over $21 billion in investor orders and allowing for tightened …

Saudi Aramco’s $4bn bond sale draws strong investor demand

The government owns nearly 81.5 per cent of Aramco directly, while the sovereign wealth fund PIF controls another 16 per cent. The post Saudi Aramco’s $4bn bond sale draws strong investor demand appeared first on Gulf Business.

Aramco Raises $4B in 1st Bond Sale of Year

Saudi Aramco priced a $4 billion bond sale, its first note sale this year, as the world's largest oil producer steps up borrowing to fund investment and di...