-
Saudi Aramco kicks off first dollar bond sale in 3 years
Saudi Aramco started the sale of triple-tranche dollar debt, extending the oil-rich kingdom’s debt spree as it brings in cash to help fund projects. The world’s biggest oil exporter is selling dollar bonds for the first time since 2021, according to data compiled by Bloomberg. The debt has 10, 30 and 40-year maturities, according to a person with knowledge of the matter, who asked not to be identified. Initial pricing thoughts, announced after calls with investors, are at about 140, 180 and 195 basis points over treasuries for the three tranches respectively. Aramco is seeking to raise at leastUS$3 billion, and ... (full story)