Saudi Aramco Completes 5 Billion Bond Issuance 

Saudi Aramco announced the completion of a $5 billion issuance of bonds across three tranches under its Global Medium Term Note Program.

According to Aramco, the tranches include $1.5 billion in senior notes maturing in 2030 with a coupon rate of 4.750%, $1.25 billion in senior notes maturing in 2035 with a coupon rate of 5.375%, and $2.25 billion in senior notes maturing in 2055 with a coupon rate of 6.375%.

The transaction was priced on May 27 and the notes were listed on the London Stock Exchange.

Aramco’s Executive Vice President of Finance and CFO Ziad Al-Murshed stated: “The strong demand for our new bond offering, as reflected in the diversified orderbook, is a testament to global investors’ confidence in Aramco’s financial resilience and robust balance sheet.”

“Pricing the offering with no new issuance premium across all tranches clearly reflects Aramco’s unique long-term credit proposition. We remain committed to our disciplined approach towards capital management as we continue to execute our growth strategy,” he added.

aawsat.com