Demand for Aramco’s bond ‘north of’ $30 billion, says Saudi energy minister

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Apr 8, 2019 #ARAMCO, #Commodities News (3rd Party), #Commodity Chemicals (TRBC), #Company News, #Credit and Corporate Debt, #Crude Oil, #Debt / Fixed Income Markets, #Emerging Market Countries, #Energy (Legacy), #Energy (TRBC), #Energy Markets, #Europe / Middle East / Africa (Energy), #Major News, #Middle East, #Middle East (Energy), #New Issues, #Oil and Gas (TRBC), #Organization of the Petroleum Exporting Countries, #Petrochemicals, #SABIC, #saudi, #Saudi Arabia, #US

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FILE PHOTO: An Aramco employee walks near an oil tank at Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia, May 21, 2018. REUTERS/Ahmed Jadallah/File Photo

RIYADH (Reuters) – Demand for Saudi Aramco’s inaugural international bond is expected to exceed $30 billion, Saudi Energy Minister Khalid al-Falih said on Monday.

Speaking at an event in Riyadh, he said the Aramco bond deal will close on Wednesday.

Al-Falih also said he hopes Aramco’s acquisition of petrochemicals firm Saudi Basic Industries will be completed within six months.

Reporting by Rania El Gamal and Stephen Kalin; Writing by Saeed Azhar; editing by Davide Barbuscia

Our Standards:The Thomson Reuters Trust Principles.

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