World’s biggest oil firm Saudi Aramco raises US$8bil bond


Aramco’s deal was the largest from a company in emerging markets this year, according to data compiled by Bloomberg. The firm sold tranches maturing in three, five, 10,30 and 50 years.

DUBAI: Saudi Aramco returned to the debt markets for the first time since April of last year, selling US$8bil of bonds to help fund the world’s biggest dividend.

The state oil and gas (O&G) firm issued the debt after slumping crude prices caused profit to fall by 45% in the third quarter.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Saudi Arabia , Aramco , bonds , Biden , oil ,

   

Next In Business News

Shedding light on power sector prospects
Reaping the Max from streaming
Singapore playing roulette with casino licensing
RHB, CGC in LCTF portfolio guarantee deal
Market struggles to find direction
Bidding big on Malaysian art
Inflation rises slightly in October
EQ expands to Thailand
Capitalising on future trade tariffs
Importance of adapting global brands to local sensitivities

Others Also Read