Saudi Aramco's super-successful $12 billion maiden international bond issue might be interpreted as an endorsement of Crown Prince Mohammed bin Salman’s push to transform the Saudi economy. But it’s the wrong measure of renewal. gfhay
Saudi Arabia and four other Gulf states could receive between $30 billion and $60 billion of inflows to their bond markets by the end of September 2019 due to their inclusion in JPMorgan’s emerging market government bond indexes, asset manager SICO said on Oct. 9, 2018.
Debt from Saudi Arabia, Qatar, the United Arab Emirates, Bahrain and Kuwait would represent 11.2 percent of the index, SICO said. Saudi Aramco is set to raise $12 billion in its first international bond issue after receiving more than $100 billion in orders, Reuters reported on April 9. The issue, split into maturities ranging from three to 30 years, saw the oil company tighten its price guidance, Reuters reported. Aramco on April 9 sold a $1 billion three-year tranche offering investors 55 basis points over U.S. Treasuries, a $2 billion five-year tranche at 75 bps over the benchmark, a $3 billion 10-year tranche at 105 bps, $3 billion in 20-year notes at 140 bps and $3 billion in 30-year bonds at 155 bps, a document issued by one of the banks leading the deal showed.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
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.
Lire la suite »
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,
Lire la suite »
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.
Lire la suite »
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
Lire la suite »
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
Lire la suite »
Demand for Aramco's debut bonds at over $50 billion: sourcesSaudi Aramco has received over $50 billion in bids for its debut international b...
Lire la suite »
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.
Lire la suite »
Saudi energy minister predicts demand for Aramco's first-ever bond at 'north of' $30 billionSaudi Energy Minister Khalid al Falih said Monday that he expects strong demand for oil giant Saudi Aramco's first-ever bond issue expected to close on...
Lire la suite »
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.
Lire la suite »