Aramco impresses investors with $8bn multi-tranche bond

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Aramco impresses investors with $8bn multi-tranche bond

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KONSKIE, POLAND - June 29, 2019: Saudi Aramco logo displayed on mobile phone | piter2121 - stock.adobe.com

The world's largest oil company, Saudi Aramco, on Tuesday raised an $8bn multi-tranche bond, featuring a rare 50 year piece, in only its second entry into debt capital markets. Proceeds from the deal will help it to generate enough cash to fund a dividend of $75bn as oil prices remain under pressure.

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