Saudi Aramco Raises $5bn in Bond Sale as It Grapples with Lower Oil Prices

Saudi Aramco raises $5bn in bond sale as it grapples with lower oil prices

World’s largest oil company taps London market amid pressure on its dividend

Aramco’s Earnings Narrowly Beat Expectations

Aramco to issue Sukuk over 12-month period

Saudi oil giant Aramco may be poised to tap the debt markets again, after filing a fresh prospectus for its sukuk (Islamic bond) programme with the London Stock Exchange.The 30 May dated document allows the company to issue sukuk over a 12-month period, just days after it raised $5 billion (£3.7 billion) through a three-part conventional bond sale.While the timing does not confirm immediate action, it sends a clear signal: Aramco is keeping its …

Saudi Arabian Oil Company Aramco completes $5bn bond issuance

According to Aramco, the tranches include $1.5bn in senior notes maturing in 2030 with a coupon rate of 4.7 per cent The post Saudi Arabian Oil Company Aramco completes $5bn bond issuance appeared first on Gulf Business.