News
26 September 2024

Saudi Aramco raises $3bn from second debt sale since July

In:
Oil & gas
Region:
Middle East & Africa

Saudi Aramco has raised $3 billion from two-part Islamic bonds, or sukuk, tapping the debt markets for the second time this year as it expects to pay huge dividends, mainly to the government.The state oil giant sold $1.5 billion in five-year sukuk at a spread of 85 bps over US Treasuries and $1.5...

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