Saudi Aramco bond offering attracts 100B in investor interest

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TL;DR

The first ever debt issuance from Aramco has sparked massive global interest with the move offering investors greater visibility into the financial performance of the worlds most profitable company. The offering comes ahead of plans to list a portion of Aramco on international stock markets in about two years. Saudi Arabias state controlled energy giant is marketing a landmark U. dollar denominated debt issue split into six tranches with maturities ranging from three to 30 years. Saudi Aramco has received over $50 billion in bids for its debut international bond sale sources familiar with the matter said. The state owned oil giant is marketing a U. dollar denominated debt issue split into six tranches with maturities ranging from three to 30 years. One of the sources said demand had gone up to $60 billion. That would be the highest order book value since a record issuance by Qatar last year which attracted around $52 billion in orders. Before opening the books earlier on Monday Saudi Energy Minister Khalid al Falih said

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