Latest news with #ZiadAl-Murshed
Leaders
3 days ago
- Business
- Leaders
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. Related Topics: CST, Aramco Digital Launch AI-Powered Crowd Management Trial at Holy Sites China Is Major Market for Saudi Aramco: CEO Saudi Aramco Records $106bn Profits in 2024 Short link : Post Views: 43 Related Stories
Saudi Gazette
3 days ago
- Business
- Saudi Gazette
Saudi Aramco completes $5 billion bond issuance
Saudi Gazette report DHAHRAN — Saudi Aramco has announced the completion of a $5 billion issuance of bonds across three tranches under its Global Medium Term Note Program. According to Aramco, the tranches include $1.5 billion in senior notes maturing in 2030 with a coupon rate of 4.750 percent, $1.25 billion in senior notes maturing in 2035 with a coupon rate of 5.375 percent, and $2.25 billion in senior notes maturing in 2055 with a coupon rate of 6.375 percent. The transaction was priced on May 27, 2025, and the notes were listed on the London Stock Exchange. Aramco's Executive Vice President of Finance and CFO Ziad Al-Murshed said that the strong demand for Aramco's new bond offering, as reflected in the diversified orderbook, is 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. We remain committed to our disciplined approach towards capital management as we continue to execute our growth strategy," he said.
Business Times
27-05-2025
- Business
- Business Times
Saudi Aramco kicks off its first dollar bond sale this year
[RIYADH] Saudi Aramco started the sale of dollar-denominated debt, extending the company's borrowings as it looks to leverage its balance sheet. The world's biggest oil exporter is selling bonds with five, 10 and 30-year maturities, according to a person with knowledge of the matter. The company raised US$9 billion in dollar and Islamic debt last year, and chief financial officer Ziad Al-Murshed had said more issuances were on the cards. Aramco's net debt rose to the highest in almost three years in the first quarter as it spends tens of billions of dollars on operations and a massive dividend at a time when oil prices have softened. The company's gearing ratio – a measure of its indebtedness – of 5.3 per cent is far below that of most other major international oil companies, giving it room for more borrowings. Aramco raised US$6 billion in July last year, its first dollar debt sale in three years. It followed that up with a US$3 billion dollar-denominated Sukuk bond in September. The latest bonds also come amid a debt spree by Saudi Arabia's government and affiliated companies. The kingdom's debt levels surged in the first quarter, as it borrows funds to help cover an expected budget shortfall resulting from an ambitious economic diversification plan. BLOOMBERG
