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.