Saudi Aramco to sell $6B of dollar-denominated Islamic bonds
Al Jazeera
Order books for the sale are in excess of $60bn, people familiar with the matter told Bloomberg News.
Saudi Aramco, the world’s biggest energy company, is selling $6 billion of bonds in its first dollar-denominated Islamic bond sale. The state-controlled company is offering sukuk due in three, five and 10 years, and the longest portion will yield 120 basis points above Treasuries, according to a person familiar with the matter. That’s down from initial discussions of around 160 basis points. Order books for the sale are in excess of $60 billion, said people familiar with the transaction, who asked not to be identified as the details are private.More Related News