Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) has completed a $5 billion issuance of bonds across three tranches under its Global Medium Term Note Program, according to a press release.
The tranches include $1.50 billion senior notes maturing in 2030, with a coupon rate of 4.750%.
The second auction was valued at $1.25 billion and will mature in 2035, with a coupon rate of 5.375%. The final tranche stood at $2.25 billion, maturing in 2055 with a coupon rate of 6.375%.
The transaction was priced on 27 May, and the notes were listed on the London Stock Exchange.
Ziad T. Al-Murshed, Aramco’s Executive Vice President of Finance and CFO, said: “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.”
