Saudi Aramco plans a $3bn bond sale with 10-, 30-, and 40-year maturities for refinancing and investments.
Saudi Aramco, the world's largest oil exporter, plans to raise at least $3bn through its first bond sale in three years, offering 10-, 30- and 40-year maturities. The company aims to use the funds for refinancing existing borrowings and investing in projects such as natural gas production, maintaining oil output, and overseas acquisitions. Banks including Citigroup, Goldman Sachs, and HSBC are managing the bond sale.
July 09, 2024
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