Riyadh – Mubasher: Saudi Arabian Oil Co, globally known as Saudi Aramco, has attracted orders worth more than $85 billion for its inaugural international bond, sources told Bloomberg.
Aramco, the world’s largest oil company, has offered bonds in six tranches with maturities ranging from three to 30 years, the sources said.
The Saudi oil giant, the world’s most profitable company, is forecast to raise between $10 billion and $15 billion, while the final pricing and size are projected to be determined later on Tuesday, according to the New York-based news agency.
In addition, Aramco will likely pay about 1.25 percentage points more than US Treasuries for its 10-year bonds, compared to Saudi notes trading at about 1.27 percentage points, Bloomberg reported, citing the banks selling the debt.
On Monday, the Saudi energy minister Khalid Al Falih said that demand for Aramco's planned international bond attracted more than $30 billion.
