Saudi Aramco Taps Global Bond Market With $12 Billion Issuance
The energy giant priced notes across five tranches, drawing an order book north of $60 billion in one of the largest EM deals of the year.
Saudi Aramco priced $12 billion of dollar bonds in a five-part issuance that drew more than $60 billion in demand, according to people familiar with the transaction.
The proceeds will fund general corporate purposes and refinance near-term maturities, the company said in a statement.
The deal underscores robust demand for high-grade emerging-market credit as investors position for an eventual Fed easing cycle.
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