Saudi Aramco targets rare 50 year tranche in cash grab
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Emerging MarketsEM Middle East

Saudi Aramco targets rare 50 year tranche in cash grab

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Saudi Aramco, which made its debut in bond markets last year, has mandated banks to arrange a dollar offering, including a 50 year tranche — a maturity only issued once before by a Gulf borrower. According to market players, this is an opportunistic move to grab cash before year-end taking advantage of yield-hungry investors.

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