ARAMCO BOND WILL PROB­A­BLY BE IN ‘10B’ RANGE: FALIH

The Daily Star (Lebanon) - - BUSINESS -

Saudi Aramco will is­sue bonds which will prob­a­bly be in the 10 bil­lion range, Saudi Ara­bia’s en­ergy min­is­ter said Sun­day. Khalid al-Falih, speak­ing at a con­fer­ence in Abu Dhabi, did not spec­ify the cur­rency of the planned debt is­suance but last week said at an event in Riyadh that the bonds – which would be Aramco’s de­but in the in­ter­na­tional debt mar­kets – are likely to be de­nom­i­nated in U.S. dol­lars. The Saudi oil gi­ant will is­sue the bonds in the sec­ond quar­ter of this year, he said last week. –

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