Aramco Boosts Borrowing as Lower Oil Prices Hit Saudi Arabia

Aramco Boosts Borrowing as Lower Oil Prices Hit Saudi Arabia

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 t…

Aramco Turns to Bond Market Again

Aramco is tapping the international bond market for a two-part debt sale, its second major dollar offering of the year and the latest in a flood of issuanc...