Aramco Announces Bond Sale Amid Sliding Profits ...Middle East

OILPRICE - Economy
Aramco Announces Bond Sale Amid Sliding Profits
source : OILPRICE ( Middle East ) () 31
After days of emerging indicators that Saudi Aramco (Aramco), the world’s largest oil company, is considering significant asset sales, the giant has entered the bond market again. This move is crucial as it comes in the wake of slightly disappointing Q1 figures of Aramco, showing a 4.6% decrease in profits, caused by lower sales and higher operating costs. As reported by the financial news site IFR, the bond sale involves a three-part dollar-denominated bond, with three tranches, and 5-10-30 years of maturities. According to financial news…

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