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Saudi Aramco Pays Premium in Debut Sukuk Sale

Saudi Aramco Pays Premium in Debut Sukuk Sale

Khobar- Saudi Aramco, the world’s largest oil producer, is paying a significant premium to the government and to its previous borrowing in its first sale of Islamic bonds. Aramco is offering seven-year, riyal-denominated sukuk at 25 basis points (bps) over the...
Aramco to Issue Debut Islamic Bonds in Three Months

Aramco to Issue Debut Islamic Bonds in Three Months

Khobar- Saudi Arabian Oil Co., Aramco, is seeking to issue USD2 billion worth debut Islamic bond sale, the first step of a plan to tap markets for $10 billion, said sources. Aramco will sell riyal-denominated Islamic bonds, or sukuk — the sukuk may be privately...