Saudi Aramco issues $8bln worth of international bonds

The bonds will mature after 3, 5, 10, 30, and 50 years, according to a bourse filing

  
Image used for illustrative purpose. An employee in a branded helmet is pictured at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019.

Image used for illustrative purpose. An employee in a branded helmet is pictured at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019.

REUTERS/Maxim Shemetov

Riyadh –   The Saudi Arabian Oil Company (Saudi Aramco) has completed issuing senior US dollar-denominated international bonds unsecured by assets pursuant to its Global Medium Term Note Programme.

A total of 40,000 bonds were issued at a par value of $200,000, bringing the issuance amount to $8 billion. The bonds will mature after 3, 5, 10, 30, and 50 years, according to a bourse filing on Wednesday.

The oil giant said the bonds maturing in 3 years will have a 1.250% return rate, while those maturing in 5 years will have a 1.625% return. 

Moreover, the bonds maturing in 10, 30, and 50 years will have a return rate of 2.250%, 3.250%, and 3.500%, respectively.

On 16 November, Saudi Aramco began issuing international bonds.

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© Mubasher 2020

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