Saudi Oil Giant Aramco Set to Issue at Least $500-Million Bond ...Middle East

Saudi Aramco, the world’s biggest oil firm, is expected to price later on Tuesday a three-part bond in U.S. dollars as a campaign to raise funds, IFR news service reports. The bond sale is set to be benchmark-sized, which typically means the issue would be of at least $500 million. Saudi Aramco is also reportedly exploring asset sales as a means of increasing the availability of funds to fuel its international expansion and existing operations, according to unnamed sources who spoke to Reuters. At the end of last year, Saudi Aramco’s…

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