7 days ago
Saudi Aramco Completes $5 Billion Bond issuance
Saudi oil giant Aramco has completed a $5 billion issuance of bonds across three tranches under its Global Medium Term Note Program, according to the Saudi Press Agency.
Saudi Aramco has classified the three tranches as follows: $1.5 billion in senior notes maturing in 2030 with a coupon rate of 4.750%
$1.25 billion in senior notes maturing in 2035 with a coupon rate of 5.375%
$2.25 billion in senior notes maturing in 2055 with a coupon rate of 6.375%
The company also noted that the tranches were priced on May 27, 2025. Meanwhile, the notes were successfully listed on the London Stock Exchange.
Aramco's Executive Vice President of Finance and CFO Ziad Al-Murshed stated that the strong demand for the new bond offering stands as a testament to global investors' confidence in Aramco's financial resilience and robust balance sheet.
'Pricing the offering with no new issuance premium across all tranches clearly reflects Aramco's unique long-term credit proposition,' Al-Murshed added.
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