Aramco to raise $3B from international bonds: Report

09/07/2024 Argaam
Logo of Saudi Aramco

Logo of Saudi Aramco

Saudi Arabian Oil Co. (Saudi Aramco) aims to raise at least $3 billion by issuing USD-denominated bonds, Bloomberg reported, citing sources.
 
The final issuance value could be higher, depending on investor demand.
 

One source mentioned that the company plans to issue bonds with maturity terms ranging from 10, 30 and 40 years. The proceeds will be used to finance current debts and support the company's investment program.

 

Saudi Aramco began the issuance of international bonds today, July 9, under its Global Medium-Term Note Program, according to data compiled by Argaam.

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