Saudi Aramco’s $8 bln bond issue attracts 150 investors, says official

Saudi Arabian Oil Co.’s (Saudi Aramco) $8 billion senior, dollar-denominated bond issue attracted 150 new investors, Al Sharq TV reported, citing Khalid H Al-Dabbagh, Senior Vice President of Finance, Strategy and Development.

“The successful bond completion reflects investors’ confidence in Saudi Aramco and the Kingdom’s economy, and it implies Saudi Aramco’s resilience amid the ongoing challenges, especially in the energy industry,” Al-Dabbagh said.