Aramco Boosts Borrowing as Lower Oil Prices Hit Saudi Arabia ...Middle East

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Aramco Boosts Borrowing as Lower Oil Prices Hit Saudi Arabia
source : OILPRICE ( Middle East ) () 106
Saudi Aramco, the world’s biggest crude oil exporter and the Saudi state-owned oil giant, is back tapping the debt markets this year with an offering of dollar-denominated Islamic bonds, Bloomberg reported on Wednesday, citing a source with knowledge of the plans.  Aramco is said to be offering Islamic bonds, the so-called sukuk, in five and ten-year issuances in what would be the Saudi oil firm’s second debt issue this year and Saudi Arabia’s third in one week.  In May, Saudi Aramco issued a total of $5 billion in…

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