by Amruth Sundarkumar | Sep 9, 2021 | Investment Grade Bonds
A consortium led by EIG Global Energy Partners is set to tap the bond market through a ~$4bn bond issuance in 4Q2021. The proceeds from the deal are likely to be used to fund a part of the $12.4bn deal closed in June between the consortium and Saudi Aramco which gave...
by Amruth Sundarkumar | Aug 17, 2021 | Corporates
Saudi Aramco has approached potential bidders to sell a part of its pipeline business worth ~$17bn according to Reuters. The oil giant, through its advisors JPMorgan and Goldman Sachs, is looking to tap players including American private equity and infrastructure...
by Amruth Sundarkumar | Aug 10, 2021 | Investment Grade Bonds
Saudi Aramco’s Q2 net income rose almost 4x to $25.5bn. Net income for 1H was $47.2bn, representing a 103% rise over the same period last year. Aramco said their “results were primarily driven by higher oil prices and a recovery in worldwide demand, supported by...
by Amruth Sundarkumar | Jun 25, 2021 | India
India’s Reliance Industries Limited (RIL) is set to complete a $15bn deal with Saudi Aramco this year, as per an announcement by Mukesh Ambani, Chairman of RIL during the company’s 44th Annual General Meeting (AGM). The deal for the sale of a 20% stake in RIL’s...
by Amruth Sundarkumar | Jun 24, 2021 | Investment Grade Bonds
Saudi Aramco has secured a one-year extension to a $10bn loan raised last year on improved terms, as per Reuters sources. While the loan came with an extension clause of 1Y at higher interest rates, the sources said that the oil giant has negotiated tighter terms...
