Saudi Aramco's mega debut bond showed off the company's accounts which indicated it was the most profitable company in the world ahead of tech mega firms.
for its debut international bond on Monday, a $10 billion issuance following a doubling of its profits after oil prices rose last year.
The company's credit rating, A1 from Moody's, is tied to that of Saudi Arabia given the huge intrinsic links between the two entities. One of the main advantages of issuing the bond is receiving high ratings from the various credit agencies. It's the first major opportunity for investors to scrutinize the offering of one of the world's largest energy companies given the usually secretive nature of Aramco's disclosures. It's part of a transparency push on behalf of Saudi Arabia as part of a will-they-won't-they over the company's IPO plans which it shelved last year.
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.
Factbox: Spielberg, Oprah to make shows for Apple's new streaming serviceApple Inc unveiled an all new Apple TV app and a streaming service called Apple ...
Lire la suite »
Apple TV+ joins crowded market for streaming optionsApple Inc unveiled its Apple TV+ original content streaming service and Apple TV...
Lire la suite »
Here's everything Apple announced on Monday-Apple TV+ -Apple News+ -Apple Card -Apple Arcade Here's everything Apple announced on Monday. AppleEvent
Lire la suite »
Watch Apple's March 2019 'Show Time' event in 13 minutesApple debuted many long-awaited services at its 2019 'Show Time' event, including Apple News+, Apple Arcade, Apple TV+, and an Apple credit card.
Lire la suite »
Domino's stock outperformed Apple and Amazon over 7 years—now it's the world's largest pizza chainHow Domino's became the world's largest pizza chain. via CNBCMakeIt
Lire la suite »
If QE Boosted Amazon and Apple, Will QT Bring Them Back Down?Quantitative easing served to raise asset prices across the board, particularly of companies in the tech sector. As that policy is reversed, can we expect asset prices to fall?
Lire la suite »
Disney, AT&T and Comcast v Netflix, Amazon and AppleIn the entertainment wars, billions of dollars are being torched. Someone will get hurt
Lire la suite »
Apple just announced Apple Arcade, a new subscription service for exclusive Mac and iOS gamesApple Arcade, an exclusive platform for newly developed games on iPhone, iPad, Apple TV, and Mac, will launch this fall.
Lire la suite »
Apple unveils new credit card: The Apple Card
Lire la suite »