"Aramco" completes the issuance of an international bond of $ 8 billion

Saudi Aramco announced the completion of the issuance of an international bond amounting to $ 8 billion, distributed over 40,000 bonds and sukuk.

According to CartNet, the yield of the sakk / 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 has chosen Citigroup Inc., HSBC Holdings, GBMorgan Chase & Co., Morgan Stanley, and Al Ahly Capital, which is based in Riyadh. Her to promote the bond.

Aramco CEO Amin Nasser said last June that Aramco would consider using all tools available to us to fulfill its dividend pledge.

The company already pulled out a $ 10 billion loan in July to help close the financing gap, and the free cash flow in the first nine months of the year was $ 33.5 billion. / p>

and while crude oil prices recovered from their lowest levels in March to around $ 44 a barrel, they are still down by 34% this year.

last year, Aramco's first bond sale raised $ 12 billion and was one of the most heavily underwritten debt offers in history, attracting more than $ 100 billion from Investor requests.