by Amruth Sundarkumar | Jun 21, 2021 | Investment Grade Bonds
State owned Saudi Arabian Oil Co (Aramco) successfully closed the sale of 49% stake in its subsidiary Aramco Oil Pipelines Company worth $12.4bn with a consortium led by US-based EIG Partners on June 18. The consortium also includes Abu Dhabi sovereign wealth fund...
by Amruth Sundarkumar | Jun 10, 2021 | Investment Grade Bonds
Aramco raised $6bn via a debut Sukuk triple-trancher. It raised: $1bn via a 3Y sukuk at a yield of 0.946%, 35bp inside initial guidance of T+105bp area $2bn via a 5Y sukuk at a yield of 1.602%, 35bp inside initial guidance T+125bp area $3bn via a 10Y sukuk at a yield...
by Amruth Sundarkumar | Jun 9, 2021 | Investment Grade Bonds
Abu Dhabi state investor Mubadala announced on Tuesday that it joined a consortium led by EIG Global Energy Partners (EIG), a leading US-based investor in the global energy sector, to buy a 49% equity stake in the recently formed Aramco Oil Pipelines Co. In one of the...
by Amruth Sundarkumar | Jun 3, 2021 | Investment Grade Bonds
Saudi Aramco, a fully-integrated Saudi state-owned energy company, could return to the debt capital markets in a bid to raise funds to pay out the promised $75bn annual dividend. The world’s largest energy company could raise ~$5bn through the issuance of sukuk...
by bondevalue | May 5, 2021 | Investment Grade Bonds
Saudi oil giant Aramco reported a 30% YoY jump in Q1 net income to $21.7bn, declaring a dividend of $18.8bn to be paid in Q2. The company credited higher oil prices and an improved economic environment for the strong results as it saw higher refining and chemicals...
