Riyadh – Mubasher: Saudi Arabian Oil Co, globally known as Saudi Aramco, has attracted orders worth more than $100 billion for its first-ever international bond, Bloomberg reported on Tuesday.
Aramco’s inaugural bond sale is expected to be the largest in emerging markets, according to the New York-based news agency.
The Saudi oil giant, the world’s most profitable company, has offered bonds in six tranches with maturities ranging from three to 30 years and planned to raise between $10 billion and $15 billion, sources told Bloomberg.
On Monday, the Saudi energy minister Khalid Al Falih said that demand for Aramco’s planned international bond attracted more than $30 billion.
