Saudi Aramco is seeking to raise up to $ 10 billion by selling stakes in subsidiary assets.
According to Arabianet, sources told Bloomberg that Aramco has appointed Moelis to arrange the sale of stakes in its subsidiaries, which may include the sale of stakes in the company's pipelines. .
and the company announced that it is seeking to reduce the level of debt in the wake of the acquisition of SABIC, which amounted to $ 69 billion.
and it had announced the completion of an international bond issue with a value of $ 8 billion, distributed over 40,000 bonds and sukuk.
and the yield of the instrument / bond was 1.250% for bonds maturing within three years, 1.625% for bonds maturing within five years, and 2.250% for bonds maturing within ten years , 3.250% for bonds maturing within 30 years, and 3.500% for bonds maturing within 50 years.
and Aramco had chosen Citigroup Inc., HSBC Holdings, GBMorgan Chase & Co., Morgan Stanley and Al Ahly Capital, which is based in Riyadh. Her to promote the bond.
