Aramco to raise up to $3B from sukuk, sets price guidance: Report

25/09/2024 Argaam
Saudi Aramco’s storage tanks

Saudi Aramco’s storage tanks

Saudi Arabian Oil Co. (Saudi Aramco) plans to raise up to $3 billion in five- and 10-year US dollar-denominated sukuk, Reuters reported, citing sources.

 

The oil giant set the price guidance for the five-year and 10-year sukuk at 120 and 135 basis points (bps) above US Treasury bonds, respectively.

 

On Sept. 24, Saudi Aramco announced the issuance of international sukuk under the SA Global Sukuk Limited’s Trust Certificate Issuance Program, Argaam reported.

 

The net proceeds will be used in general corporate purposes.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.