Arabian networking group

Saudi Aramco Raises $3B via Sukuk Bond Issuing

Saudi oil giant Aramco successfully issued $3 billion in Islamic bonds (sukuk). The issuance split equally between a 5-year tranche at ~4.125% return and a 10-year tranche at ~4.625%. Despite regional tensions (notably an airstrike in Qatar), investor demand was strong, with order books exceeding $16.85 billion (peak demand over $20B).  

Source: Reuters.com

Latest news