Saudi Aramco Issues New Sukuk Prospectus, Signaling Potential Return to Debt Markets - Times Kuwait
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3 Articles
Saudi Aramco issues new sukuk prospectus, signaling potential return to debt markets - Times Kuwait
In a strategic move signaling renewed activity in global debt markets, Saudi Aramco, the world’s largest oil-producing company, has released a new sukuk prospectus under its existing debt issuance program. The release comes just days after the energy giant successfully raised $5 billion through a three-tranche bond offering, attracting strong investor interest and reaffirming Aramco’s position as a reliable borrower with robust financial backing…
Aramco to continue raising debt to fund expansion, says CEO
Saudi oil giant raises $5bn Nasser says outlook is ‘bullish’ Considering asset sales Saudi Aramco will continue borrowing to support its expansion and effectively leverage its balance sheet, the head of the energy giant said. The Saudi-listed oil giant this week raised $5 billion in bonds as spreads tightened. The five-year issue, which was priced at 80 basis points (bps) over US treasury bonds, tightened from its original 115bps guidance. The s…
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