Saudi Oil Giant Aramco Could Issue Long-Term Bond This Year ...Middle East

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Saudi Oil Giant Aramco Could Issue Long-Term Bond This Year
source : OILPRICE ( Middle East ) () 81
Saudi state oil giant Aramco may issue a new bond this year to optimize its capital structure, according to its chief financial officer Ziad Al-Murshed. In the bond issue, Saudi Aramco would be looking at longer bond terms of up to 50 years, the executive said at the Saudi Capital Markets Forum in Riyadh, as carried by Reuters. The last time the world’s top oil firm tapped the bond markets was in 2021, when Aramco raised $6 billion via its first Islamic bond denominated in U.S. dollars, the so-called sukuk, orders for which…

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