Image credit: Saudi Aramco
Saudi Arabian Oil Company (Saudi Aramco) has announced the completion of a $5bn issuance of bonds across three tranches under its Global Medium Term Note Program.
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According to Aramco, the tranches include $1.5bn in senior notes maturing in 2030 with a coupon rate of 4.7 per cent, $1.25bn in senior notes maturing in 2035 with a coupon rate of 5.3 per cent, and $2.25bn in senior notes maturing in 2055 with a coupon rate of 6.3 per cent.
The transaction was priced on May 27, 2025, and the notes were listed on the London Stock Exchange, a Saudi Press Agency report said.
“The strong demand for our new bond offering, as reflected in the diversified orderbook, is a testament to global investors’ confidence in Aramco’s financial resilience and robust balance sheet. Pricing the offering with no new issuance premium across all tranches clearly reflects Aramco’s unique long-term credit proposition. We remain committed to our disciplined approach towards capital management as we continue to execute our growth strategy,” Aramco’s Executive Vice President of Finance and CFO Ziad Al Murshed stated.
