Saudi Aramco Raised $3 Billion From Bond Sale, Reuters Says, Citing Sources
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Dow Jones
--Saudi Aramco has raised $3 billion through a sharia-compliant bond offering, known as a sukuk, as it taps the debt market for a second time this year, Reuters reports, citing unnamed sources.
--The state oil giant on Wednesday sold $1.5 billion in five-year sukuk at a spread of 85 basis points over U.S. treasuries and $1.5 billion in 10-year Islamic bonds at 100 basis points above the same benchmark, according to Reuters.
--Aramco didn't immediately respond on a request for comment by Dow Jones Newswires.
Full story: https://tinyurl.com/3jv2zhxc
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
September 26, 2024 03:57 ET (07:57 GMT)
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