Saudi Aramco completes issuance of $6B international bonds

Logo of Saudi Arabian Oil Co. (Saudi Aramco) 

Saudi Arabian Oil Co. (Saudi Aramco) completed the issuance of $6 billion international bonds under its Global Medium Term Note (GMTN) Program, according to a statement to Tadawul.

 

For more news on listed companies

 

Details

Issuance Type

USD-denominated, direct, general, unconditional and unsecured obligations of Saudi Aramco.

Issuance Value

$6 bln

Total Number of Bonds

30,000

Issuance End Date

July 17, 2024

Par Value

$200,000 and integral multiples of $1,000 in excess thereof.

Maturity

10, 30, and 40 years

Yield

5.250% for bonds maturing in 10 years, 5.750% for bonds maturing in 30 years and 5.875% for bonds maturing in 40 years.

Terms of Redemption

Redemption on maturity, following an event of default, for tax reasons (at the option of Saudi Aramco); issuer maturity par call (at the option of Saudi Aramco); make whole call (at the option of Saudi Aramco); and change of control put (at the option of noteholders).
 

The statement added that the bonds will be issued in accordance with Rule 144A/Reg S offering requirements under the US Securities Act of 1933, as amended. The stabilization rules of the Financial Conduct Authority (FCA) and the International Capital Market Association (ICMA) will also apply to the issuance. Application will be made for the bonds to be admitted to the official list of the FCA and to the London Stock Exchange plc and for such bonds to be admitted to trading on the London Stock Exchange’s main market.

 

According to data available on Argaam, Saudi Aramco launched, on July 9, international bonds under its Global Medium Term Note Program.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

Aramco launches medium-term USD-denominated bonds

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request