Saudi Aramco returns to debt market with three-tranche dollar bond sale

Quick Summary:

SAUDI oil giant Aramco made its return to the debt market on Tuesday after a three-year hiatus, mandating banks for bonds maturing in 10, 30 and 40 years, a document from one of the banks on the deal showed.

Aramco maintained its $31 billion dividends despite its first-quarter profit dropping 14%.

The banks will arrange investor calls on Tuesday for the potential sale of benchmark-sized notes, according to the document, which did not disclose the size of the issuance.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaSaudi Arabia

Topics: Debt Aramco Saudi Bonds Corporate News /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-09 @ 16:45:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 364 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © The Star

News ID: 21552140

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