Saudi state oil giant Aramco returns to debt market with dollar bond sale

Saudi state oil giant Aramco made its return to the debt market on Tuesday after a three-year hiatus, joining top companies and governments in the Gulf that have tapped markets this year to fund investments.

Aramco, which last tapped global debt markets in 2021 when it raised $6-billion from three-tranche sukuk, flagged in February it was likely to issue bonds this year. Aramco’s bond sale is “likely an indication the company will continue to pursue acquisitions aggressively,” said Yousef Husseini, an analyst at EFG Hermes.

PIF, which has spent billions on everything from electric cars to sports and planned futuristic cities in the desert, has also raised almost $8-billion from three debt sales.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Over a year in making, Aramco stake sale brings rare foreign investment to SaudiIdentity and quality of investors in latest sale remains unknown
Source: globeandmail - 🏆 5. / 92 Read more »

Saudi Aramco returns to debt market with dollar bond saleAramco hired banks to sell bonds maturing in 10, 30 and 40 years, a document from one of the banks working on the deal showed. Aramco is likely to raise at ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »