Saudi Aramco markets five-tranche bonds, seeking cash amid cheap oil

Topics Saudi Aramco | Markets

By Yousef Saba DUBAI (Reuters) - Saudi Aramco <2222.SE> began marketing a five-tranche U.S.

dollar-denominated bond sale on Tuesday, as the world's largest oil producer seeks cash after low oil prices dented its finances. The move is part of an onslaught on international debt markets by Gulf issuers seeking to plug finances hit by the pandemic and weak oil prices, which has pushed regional issuance past last year's record to surpass $100 billion again. Aramco needs the money to pay dividends of $37.5 billion for.....

This article is no longer available in our repository.

There could be multiple reasons for this.