Latest news with #bondissuance
Argaam
3 days ago
- Business
- Argaam
Saudi Aramco to keep borrowing to boost growth; debt remains among lowest in industry: CEO
Saudi Arabian Oil Co. (Saudi Aramco) is targeting more borrowing to finance growth and better leverage its balance sheet, CEO Amin Nasser said, adding that the oil giant will continue to tap bond markets moving forward. In an interview with Bloomberg TV, the top executive indicated that the company's debts currently amount to nearly 5%, which is still among the lowest in the industry. Nasser also stated that he adopts an upbeat outlook for the oil market as fundamentals continue to be strong, highlighting that demand rose by 1.4 million barrels per day in the first quarter of 2025 and is continuing its growth. Aramco, which has one of the lowest levels of crude extraction costs globally at about $3 per barrel, can withstand a period of low prices, said Naser. He also pointed out that tariffs have had some impact on the global economy and investor sentiment. 'However, the fundamentals continue to be strong, as we believe that this will continue in the foreseeable future,' he said. According to Argaam 's data, Aramco announced earlier this week plans to issue international bonds under its US-denominated Global Medium Term Note Programme. The net proceeds from each bond issuance will be used by Saudi Aramco for general corporate purposes or any other purpose specified in the final terms for a series of bonds. Reuters also reported that Aramco set the price of its three-part bonds at $5 billion.
Bloomberg
3 days ago
- Business
- Bloomberg
Adani Ports Plans Record 50 Billion Rupee Bond Sale for Capex
By and Saikat Das Save Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. Adani Ports & Special Economic Zone Ltd. plans to raise as much as 50 billion rupees ($584 million) through a bond issuance, according to people familiar with the matter, which would be its largest ever.
Reuters
6 days ago
- Business
- Reuters
Japan to consider tweaking bond issuance plan, sources say
TOKYO, May 27 (Reuters) - Japan's Ministry of Finance (MOF) will consider tweaking the composition of its bond programme for the current fiscal year, which could involve trimming the issuance of super-long bonds, two sources told Reuters on Tuesday. The MOF will make a decision after holding discussions with market participants around mid- to late-June, the sources who had direct knowledge of the plan said. The plan comes amid recent rises in super-long bond yields to record levels, due largely to dwindling demand from traditional buyers like life insurers. If the MOF were to reduce issuance of 20-, 30- or 40-year Japanese government bonds (JGB), it would likely increase issuance of shorter-dated debt instead, the sources said. As such, the total planned size of JGB issuance for the current fiscal year that ends March 2026 will remain unchanged from 172.3 trillion yen ($1.21 trillion), they said. ($1 = 142.4000 yen)
CNA
6 days ago
- Business
- CNA
Japan to consider tweaking bond issuance plan, sources say
TOKYO :Japan's Ministry of Finance (MOF) will consider tweaking the composition of its bond programme for the current fiscal year, which could involve trimming the issuance of super-long bonds, two sources told Reuters on Tuesday. The MOF will make a decision after holding discussions with market participants around mid- to late-June, the sources who had direct knowledge of the plan said. The plan comes amid recent rises in super-long bond yields to record levels, due largely to dwindling demand from traditional buyers like life insurers. If the MOF were to reduce issuance of 20-, 30- or 40-year Japanese government bonds (JGB), it would likely increase issuance of shorter-dated debt instead, the sources said. As such, the total planned size of JGB issuance for the current fiscal year that ends March 2026 will remain unchanged from 172.3 trillion yen ($1.21 trillion), they said. ($1 = 142.4000 yen)
Zawya
6 days ago
- Business
- Zawya
Egypt: EFG Hermes advises on $18mln short-term note for Hermes Securities Brokerage
Arab Finance: EFG Hermes, a subsidiary of EFG Holding, has completed advisory on a senior unsecured short-term note issuance worth EGP 900 million for Hermes Securities Brokerage Company (HSB), as per an emailed press release. This is the sixth issuance by HSB and the first under its EGP 3 billion approved program. The bond has a 12-month tenor with a variable interest rate. HSB's national scale long-term senior unsecured entity rating of BBB+ with a positive outlook and short-term senior unsecured issuer rating of P2 were confirmed by Middle East Ratings and Investor Services (MERIS). EFG Hermes served as the sole financial advisor, transaction manager, book-runner, underwriter, and arranger. Commercial International Bank (CIB) acted as placement and subscription bank. Legal advisory was provided by Dreny & Partners, with KPMG appointed as auditor. This follows other debt issuances managed by EFG Hermes, including Bedaya's sixth securitization of EGP 1.64 billion, valU's 14th securitized bond of EGP 463.3 million, Bedaya's fifth securitization of EGP 1.78 billion, Sylndr's EGP 300 million working capital facility, and a short-term note of EGP 433 million for EFG Corp-Solutions. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
