Saudi Aramco Announces Multi-Year Dollar Bond Sale

Tuesday, 9 July 2024, 12:12

Saudi Aramco re-enters the debt market with a strategic move to issue dollar bonds with maturities of 10, 30, and 40 years. The company aims to secure over $3 billion from the bond sale, opportunely timed to navigate the upcoming summer illiquidity period. Insights from Zeina Rizk, co-head of fixed income at Amwal Capital Partners, shed light on the significance of Aramco's current financial strategy.
Yahoo Finance
Saudi Aramco Announces Multi-Year Dollar Bond Sale

Saudi Aramco Returns to Debt Market

Aramco recently hired banks to manage the sale of dollar-denominated bonds spanning various durations.

Key Points:

  • Amount Raised: Aramco seeks to secure at least $3 billion through the bond sale.
  • Strategic Timing: The move strategically capitalizes on the pre-summer market conditions to ensure optimal results.

Insights from Zeina Rizk, co-head of fixed income at Amwal Capital Partners, highlight the calculated nature of Aramco's financial actions.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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