Saudi Aramco has started issuing U.S. dollar-denominated international bonds today under its Global Medium Term Note Program. Saudi Arabia’s Tadawul revealed that the bonds have a minimum subscription of $200,000, stating that the issuance amount is subject to market conditions. Aramco’s bond issuance began today, July 9, and will end on July 17.
In its Tadawul listing, Saudi Aramco also revealed that the U.S. dollar-denominated bonds are direct, general, unconditional and unsecured obligations of the company. The target class of the issuance is institutional investors. Saudi Aramco also revealed that the bonds’ return and maturity will be subject to market conditions.
Listing’s book runners
The oil giant also stated that Citi, Goldman Sachs International, HSBC, J.P. Morgan, Morgan Stanley and SNB Capital will be active joint bookrunners. In addition, Abu Dhabi Commercial Bank, anb capital, Bank of China, BofA Securities,…
