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Saudi Aramco sets indicative pricing for benchmark dollar bond sale

The deal is expected to be priced later on Tuesday and will be of benchmark size, usually considered to be at least $500 million. File
The deal is expected to be priced later on Tuesday and will be of benchmark size, usually considered to be at least $500 million. File
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27 May 2025 09:05:20 GMT9
27 May 2025 09:05:20 GMT9

Arab News

RIYADH: Saudi Aramco has launched the sale of a three-part, dollar-denominated bond, with tranches of 5-, 10- and 30-year maturities, fixed income news service IFR reported on Tuesday.

The oil giant set an indicative price for the 5-year tranche at 115 basis points over US Treasuries, while the 10-year and 30-year tranches carry initial price guidance of 130 bps and 185 bps respectively over US Treasuries, IFR reported.

The deal is expected to be priced later on Tuesday and will be of benchmark size, usually considered to be at least $500 million.

Citi, Goldman Sachs International, HSBC and JPMorgan are leading the transaction, with Abu Dhabi Commercial Bank, Bank of China, BofA Securities, Emirates NBD Capital, First Abu Dhabi Bank, Mizuho, MUFG, NATIXIS, Riyad Capital, SMBC, SNB Capital and Standard Chartered Bank acting as passive book-runners.

Reuters

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