Saudi Aramco has completed a USD 5-billion bond issuance in three tranches under its Global Medium Term Note Program, the company announced on Monday.
The transaction was priced on May 27, 2025 and listed on the London Stock Exchange. The offering consists of three tranches of senior notes: USD 1.5 billion maturing in 2030 with a coupon rate of 4.750%, USD 1.25 billion maturing in 2035 with a coupon rate of 5.375% and USD 2.25 billion maturing in 2055 with a coupon rate of 6.375%.
“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,” said Ziad T. Al Murshed, Aramco’s CFO and executive vice-president of finance.
Aramco said the offering received strong interest from institutional investors.
Source: theenergyyear.com