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Aramco bonds likely to be $10 billion range

Date: 2019-1-25Source: OGNEdito: OGN
 
Saudi Aramco will issue bonds which will probably be in the $10 billion range, Saudi Arabia’s energy minister said on Sunday.
 
Khalid Al-Falih, speaking at a conference in Abu Dhabi, did not specify the currency of the planned debt issuance but last week he said at an event in Riyadh that the bonds - which would be Aramco’s debut in the international debt markets - are likely to be denominated in US dollars.
 
The Saudi oil giant will issue the bonds in the second quarter of this year, he said last week. - Reuters