Aramco smashes market record with $100bn orders for new bonds

article author: 

Frank Kane

Tue, 2019-04-09 23:07

DUBAI: The Saudi state oil company’s debut on Wednesday on the international capital markets is set to break all records for a bond issue by an emerging market entity.

The Saudi Aramco bond issue attracted more than $100 billion in orders from global investors, the largest ever for emerging market bonds, company sources said on Tuesday.

That easily surpasses the $52 billion for Qatar’s $12 billion deal last year, $67 billion for Saudi Arabia’s own sovereign debt issue in 2016 and $69 billion orders for Argentina’s $16.5 billion trade the same year. 

Main category: 

Business & Economy

Tags: 

Saudi Aramco

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