Aramco sets record with $100 billion demand for landmark bond | Reuters


Orders for Saudi Aramco’s debut international bond topped $100 billion on Tuesday, a record breaking vote of market confidence for the oil giant which has faced investor concerns about government influence over the company.

State-owned Aramco is expected to raise more than $10 billion from the deal, which will be priced later on Tuesday and is seen as a gauge of potential investor interest in the Saudi company’s eventual initial public offering.

Source: Aramco sets record with $100 billion demand for landmark bond – Reuters

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