Aramco Plans $10 Billion Bond, Casting Light on Its Finances for First Time

Money raised will be used to help fund its $69 billion purchase of a stake in Saudi Arabia’s petrochemicals firm

DUBAI—Saudi Aramco plans to issue a $10 billion bond as early as next week to help fund its acquisition of a majority stake in Saudi Arabia’s petrochemicals firm, people familiar with the matter said, shining a light on the financial performance of the world’s largest oil company for the first time.

The bond would be the first-ever debt issuance by Saudi Arabian Oil Co., as the oil giant is officially known. The money would be used for a down payment on its $69.1 billion purchase of 70% of Saudi Basic Industries Corporation.

Source: https://www.wsj.com/articles/saudi-aramcos-debut-international-bond-gets-100-billion-orders-11554816634?mod=cx_picks&cx_navSource=cx_picks&cx_tag=contextual&cx_artPos=1#cxrecs_s