Aramco gets whopping $100 billion demand for landmark bond

Business

Saudi Energy Minister Khalid al-Falih speaks during the Gulf Intelligence Saudi Arabia Energy Forum in Riyadh, Saudi Arabia April 8, 2019. REUTERS/Stringer.

DUBAI (Reuters) – Saudi Aramco has attracted orders in excess of $100 billion for its debut international bond, a source familiar with the matter said.

Aramco is expected to raise more than $10 billion from the deal, which is split into six tranches with maturities ranging from three to 30 years. The bonds will be priced later on Tuesday.

Before the six-part deal was marketed on Monday, Saudi Energy Minister Khalid al-Falih said initial indications of interest for the paper were over $30 billion.

Reporting by Hadeel Al Sayegh, Davide Barbuscia; Editing by Kirsten Donovan

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