Saudi Aramco increased its debut bond sale from $10bn to $12bn this week amid huge demand that saw total orders exceed $100bn. Demand for Aramco debt was always going to be strong given the firm’s status as the world’s largest oil producer and ongoing strategy to boost integration (MEES, 5 April). Perhaps the most notable element is that while the bond was initially priced in line with Saudi government debt, it eventually closed at a lower rate. This unusual development is...
Aramco Basks In Bond Success
Published on Fri, 12 Apr 2019 - Volume: 62 Issue: 15Print
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