Saudi Aramco sets initial price guidance for four-tranche bonds: Report

02:28 PM (Mecca time) Argaam
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Logo of Saudi Aramco

Saudi Aramco has offered indicative pricing for four-tranche dollar-denominated bonds, Reuters reported, citing a term sheet.

 

The indicative price for the three-year debt sale has been set at around 100 basis points over US Treasuries, the five-year comes with an initial price of around 115 bps over the same benchmark, while 10-year and 30-year bonds were initially priced at around 125 bps and 165 bps, respectively, over Treasuries, the agency said.

 

It added that Citi, Goldman Sachs, HSBC, JPMorgan and Morgan Stanley are active bookrunners, while Abu Dhabi Commercial Bank, Bank of China, BofA Securities, BSF Capital, Emirates NBD Capital, First Abu Dhabi Bank, Mizuho, MUFG, Natixis, Riyad Capital, SMBC and Standard Chartered are passive bookrunners for the debt sale.

 

The bonds are expected to price today, Jan. 26.

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