Saudi Aramco prices debut sukuk at 25 basis points over SAIBOR

29/03/2017 Argaam

Saudi Arabian Oil Co. (Saudi Aramco) has finished pricing its riyal-denominated sukuk issue at 25 basis points over the Saudi Arabian Interbank Offered Rate (SAIBOR), according to an official document seen by Argaam.

The state-run oil giant did not disclose the size of the seven-year Islamic bond but it is expected to be around SAR 7.5 billion ($2 billion), a part of its SAR 37.5 billion ($10 billion) sukuk program.

Aramco has been in talks with banks on its first ever SAR-denominated sukuk program.  

Alinma Investment Co., GIB Capital, HSBC Holdings Plc, NCB Capital, Riyad Capital, Samba Capital and Saudi Fransi Capital are the lead managers for the issue. 


News

Prices

Aramco IPONew

Sectors

Companies

Financial Data

Financial Ratios

Analysts

IPOs

Economy

Mutual Funds

Projects

Interactive Charts