Aramco has kicked off its first bond sale of the year with a three-tranche dollar-denominated offering. The firm confirmed the issuance under its Global Medium Term Note Programme on 27 May. Aramco is raising $5bn through the offering, which closes on 2 June.
The Saudi energy giant has made no secret that it would be returning to the debt markets again this year. Last year it completed a $3bn Sukuk in October, which followed a $6bn three-tranche bond offering in July (MEES, 4 October 2024). (CONTINUED - 283 WORDS)
