Aramco Begins Marketing First Dollar Bond ...Middle East

OILPRICE - Economy

Saudi Aramco has started marketing its first dollar-denominated bond to investors. The Islamic bond is divided into three portions, maturing in three, five, and ten years, respectively, according to a Bloomberg report that cited unnamed sources familiar with the move. Media reported earlier this month Aramco was planning to raise $5 billion from a bond sale to fund its dividend of $75 billion. Saudi Arabia, like its fellow Gulf oil producers, has taken to raising debt to weather the effects of two oil price crises in the past ten years—the…

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Last updated : 09 June 2021 clock 06:00 PM

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Aramco Begins Marketing First Dollar Bond ...Middle East

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