Aramco raises $3 billion in international sukuk sale

Saudi Aramco sold $3 billion of international Sharia-compliant bonds, known as sukuk, across two tranches, the company said on Thursday.

The transaction was priced on September 10 and the securities were listed on the London Stock Exchange, the state-owned oil giant said.

The tranches consist of $1.5 billion maturing in 2030 at a profit rate of 4.125% and $1.5 billion maturing in 2035 at 4.625% per annum.

“We believe this successful issuance reflects the confidence of global investors in Aramco’s exceptional financial resilience and robust balance sheet, as we continue to optimize our capital structure,” Aramco Executive Vice President and the Chief Financial Officer Ziad T. Al-Murshed said .

“Our ability to price the offering with a negative new issue premium across both tranches demonstrates Aramco’s unique credit proposition and standing within international capital markets,” he concluded.

• Chief Financial Officer Ziad T. Al-Murshed
• London Stock Exchange
• Saudi Aramco