Saudi Aramco's newly issued dollar-denominated bonds inched up on Wednesday...
FILE PHOTO: Logo of Saudi Aramco is seen at the 20th Middle East Oil & Gas Show and Conference in Manama, Bahrain, March 7, 2017. REUTERS/Hamad I Mohammed/File Photo
DUBAI - Saudi Aramco’s newly issued dollar-denominated bonds inched up on Wednesday, with longer-dated paper outperforming, sources familiar with the matter said. The company on Tuesday issued $12 billion worth of paper, disappointing much of the over $100 billion in demand. Of the five tranches, the $3 billion 30-year bonds were the best performers, up by slightly over 1 cent, the sources said, while shorter-dated paper made more modest gains.
The sources said there would be a clearer picture of the bonds’ performance once markets in London and New York open later on Wednesday.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The monster Aramco bond offering may have just doomed the Saudi oil giant's IPOAramco's incredibly successful bond offering shows the company may not have to tap equity markets as planned.
Read more »
Viewsroom: What’s driving Lyft’s valuation?The ride-hailing firm is worth $30 bln after its stock-market debut, even though its losses are growing. Shareholders are betting a shift to autonomous driving will steer it to a profit,
Read more »
Saudi energy minister expects Aramco bond demand at 'north of' $30 billionSaudi Energy Minister Khalid al Falih expects robust demand for state oil giant Saudi Aramco's first-ever bond issuance, the deal for which is expected to close on Wednesday.
Read more »
Saudi Aramco made a $111bn profit in 2018Saudi Aramco revealed $111bn in net income last year, more than the other five oil majors achieved combined
Read more »
Aramco's Big Reveal: What We Learned About the Saudi Oil GiantSaudi Aramco is the world’s most profitable company. Aramco’s $111.1 billion profit in 2018 easily dwarfed all other businesses on the planet, a stunning result for a company that also paid the Saudi government $102 billion in taxes last year. Aramco, which produces about 10 percent of the world’s
Read more »
Demand for Aramco's debut bonds at over $50 billion: sourcesSaudi Aramco has received over $50 billion in bids for its debut international b...
Read more »
Saudi Aramco stuns with $100 billion demand for debut global bondSaudi Aramco's bond sale could be one of the largest ever in emerging markets after drawing in $100 billion in orders.
Read more »
Aramco tapped Allianz's El-Erian as informal adviser before bond roadshowSaudi Aramco, the world's biggest oil producer, tapped Mohamed El-Erian, ch...
Read more »
Overpriced Aramco debt still has a Saudi discountStrong demand for the oil giant’s first bond allowed it to raise $12 billion at lower rates than expected. Borrowing costs are still higher than Western oil peers. But it makes little sense for investors to view the bonds as less risky than Saudi’s tarnished government.
Read more »
Saudi Aramco to offer $16 billion in contracts to small, medium businesses: ArabiyaSaudi Aramco will offer 140 contracts worth 60 billion riyals ($16 billion) to s...
Read more »