Bloomberg: “Saudi Aramco” begins to launch its first dollar bonds this year

“Saudi Aramco” has begun to sell dense debts in dollars, which expands the company’s borrowing scope, as part of its endeavor to enhance its budget capacity.

The largest oil exported company in the world sells bonds with the deadlines for five, 10 and 30 years, according to “Bloomberg” from a source that I described as well.

Aramco raised $ 9 billion of bond and bond versions in dollars last year; The CEO of the president and the company’s chief financial administrators, Ziyad Al -Murshid, stated that more debts are likely to be issued.

The company’s debt rate is 5.3%, and it is much lower than most other major international oil companies, which allows them to pay more borrowing.

Aramco raised $ 6 billion in July last year, in its first sale of dollar bonds in three years. This was followed by the issuance of $ 3 billion in US dollar in September.