Riyadh – Mubasher: The Saudi Arabian Oil Co, better known as Saudi Aramco, is set to raise $12 billion in its first-ever international bond issue, Al Arabiya reported, citing a document issued by one of the banks leading the deal.
The Saudi oil giant’s bond sale, with maturities ranging from three to 30 years, has received more than $100 billion in orders.
Aramco, the world’s most profitable company, sold three-year bonds worth $1 billion offering 55 basis points (bps) over US Treasuries.
In addition, five-year bonds valued at $2 billion were sold at 75 bps over the benchmark, along with selling $3 billion 10-year at 105 bps, $3 billion 20-year at 140 bps, and $3 billion 30-year bonds at 155 bps.
The company did not issue a planned floating-rate note which was initially marketed, the document added.
