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Saudi energy minister expects Aramco bond demand at ‘north of’ $30 billion

April 8, 2019


Saudi 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.

Demand for the bond should be “north of” $30 billion, al Falih said while speaking at the inaugural Gulf Intelligence Saudi Arabia Energy Forum in Riyadh on Monday.

Saudi Arabia’s state-controlled energy giant Aramco plans to tap bond markets this week, marking the first-ever debt issuance from the world’s largest oil firm and enabling greater visibility into its financial performance.

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