Aramco 50 year among Gulf trio 'leading charge' in EM bonds

AdobeStock_GCC_575x375_01Sept2020
By Mariam Meskin
17 Nov 2020

A flurry of Gulf issuers was on track on Tuesday to securing last minute bond funding, as investor appetite appeared insatiable for emerging market debt amid a rally that may well be curtailed by the impending US Thanksgiving holiday.

Saudi Aramco, the world’s largest oil company rated and rated A1/A by Moody’s and Fitch, was in the market on Tuesday for a Reg S/144A dollar senior unsecured bond in three, five, 10, 30 and 50 year tranches.

The deal was marketed with initial price thoughts of ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial