Saudi Aramco Raises $6 Billion From Fresh Bond Sale ...Middle East

OILPRICE - Economy
Saudi Aramco Raises $6 Billion From Fresh Bond Sale
Saudi Aramco raised this week $6 billion via its first Islamic bond denominated in U.S. dollars, orders for which exceeded $60 billion, according to a document from one of the bank's arrangers of the deal that Reuters has seen. The Saudi oil giant is looking to raise funding in order to meet its massive $75 billion annual dividend and reduce its debt load that had swelled after the acquisition of local chemicals giant Sabic and the collapse in oil prices last year. In the issue of the Islamic bond, the so-called sukuk, Aramco placed on Wednesday…

Hence then, the article about saudi aramco raises 6 billion from fresh bond sale was published today ( ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Saudi Aramco Raises $6 Billion From Fresh Bond Sale )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in Economy


Latest News