Saudi Aramco will start meeting bond investors next week before issuing its first planned international bond, according to Reuters, which will likely help it finance the purchase of a stake in the Saudi Industries Company Core SABIC valued at $ 69.1 billion.

The company said on Wednesday that it had agreed to buy 70 percent in SABIC from the Saudi Public Investment Fund, in one of the largest deals in the chemical sector in the world.

The planned issue is expected to be priced within two weeks after a series of meetings with bond investors.

Saudi Energy Minister Khalid Al-Falih had previously said that the size of Aramco's bonds would amount to about ten billion dollars.

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Saudi Aramco acquires two thirds of SABIC