Aramco plans debt market comeback with multi-tranche bond deal


Saudi Aramco said on Monday it has hired a group of banks ahead of a multi-tranche U.S. dollar-denominated bond issuance, as the world's largest oil company seeks to raise cash amid lower oil prices.

The announcement comes as Gulf issuers show no sign of slowing this year's blitz on international debt markets as they seek to plug finances hit by weaker oil prices and the coronavirus crisis. Issuances from the region so far this year have already shot through last year's record, surpassing $100 billion. Goldman Sachs,.

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