April 9, 2019 / 3:06 PM / in 12 days

Aramco to raise $12 billion in bonds out of $100 billion demand

DUBAI (Reuters) - Saudi Aramco is set to raise $12 billion in bonds with maturities ranging from three to 30 years, according to a document issued by one of the banks leading the deal.

The Saudi oil giant is selling $1 billion in three-year bonds offering investors 55 basis points (bps) over U.S. Treasuries, $2 billion in five-year bonds at 75 bps over the benchmark, $3 billion 10-year at 105 bps, $3 billion 20-year at 140 bps and $3 billion 30-year bonds at 155 bps.

The company is no longer issuing a floating rate tranche, as initially marketed, the document said.

Reporting by Davide Barbuscia; Editing by Jan Harvey

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below