April 9, 2019 / 6:53 AM / 13 days ago

Demand for Aramco's bonds swells to over $85 billion - source

DUBAI, April 9 (Reuters) - Saudi Aramco has attracted orders in excess of $85 billion for its planned debut international bond, a source familiar with the matter said.

Aramco was expected to raise around $10 billion from the deal, which is split into six tranches with maturities ranging from three to 30 years. The bonds will be priced later on Tuesday.

Before the six-part deal was marketed on Monday, Saudi Energy Minister Khalid al-Falih said initial indications of interest for the paper were over $30 billion.

Reporting by Davide Barbuscia; Editing by Kirsten Donovan

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