Saudi Aramco launches first dollar bond sale in three years, aiming to raise $3 billion with 10, 30, and 40-year maturities.

Saudi Aramco has initiated its first dollar bond sale in three years. The oil-rich kingdom’s state-owned company is seeking to raise at least $3 billion, with the possibility of increasing the size based on investor demand. The debt offering includes three tranches with maturities of 10, 30, and 40 years. Initial pricing thoughts indicate spreads of approximately 140, 180, and 195 basis points over treasuries for these tranches, respectively.

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Saudi Aramco kicks off first dollar bond sale in 3 years pic.twitter.com/MknvFCZxWp

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