Aramco issues USD-denominated three-part bond sale: Report

Logo of Saudi Aramco

Saudi Arabian Oil Co. (Saudi Aramco) is seeking to raise funds through a USD-denominated three-part bond sale, Reuters reported, citing fixed income news service International Financing Review (IFR).

Aramco set the indicative price for the five-year debt sale at 115 basis points (bps) over US Treasuries. Meanwhile, the 10-year and 30-year portions carry initial price guidance of 130 and 185 bps, respectively, over the same benchmark.

The debt deal, slated to be priced later in the day, will be benchmark-sized, therefore typically amounting to at least $500 million.

The offering is led by Citibank, Goldman Sachs, HSBC, and JPMorgan.

Meanwhile, Abu Dhabi Commercial Bank, Bank of China, BofA Securities, Emirates NBD Capital, First Abu Dhabi Bank, Mizuho and Mitsubishi U.F.J, Natixis Bank, Riyad Capital, SMBC, SNB Capital, and Standard Chartered are the book-runners.