Saudi Aramco to Keep Tapping Debt Market After $5-Billion Bond Sale
Saudi Aramco plans to continue tapping the debt markets for more borrowings to fund growth, CEO Amin Nasser told Bloomberg TV after the world’s biggest oil firm issued a three-part U.S. dollar-denominated bond this week. The Saudi state oil giant is issuing a total of $5 billion in five, ten, and 30-year bonds, in U.S.-dollar denominated international bonds under its Global Medium Term Note Programme. The offering end date is June 2, and the exact issuance amounts are subject to market conditions, Aramco said. Lower oil prices have reduced…