Saudi Aramco Weighing Global Bond Sale for First Time



Saudi Aramco Weighing Global Bond Sale for First Time
If Aramco goes ahead with an international bond, the sale would force it to disclose its accounts to investors for the 1st time since nationalization 4 decades ago.

Aramco has appointed JPMorgan Chase & Co. and Morgan Stanley to advise on the Sabic deal, the people said. In addition, the Saudi state-owned oil company is likely to appoint two-to-three other banks, one of the people said. Both JPMorgan and Morgan Stanley were already working on the IPO preparations.

--With assistance from Dinesh Nair.To contact the reporters on this story: Archana Narayanan in Dubai at anarayanan16@bloomberg.net ;Javier Blas in London at jblas3@bloomberg.net To contact the editors responsible for this story: Will Kennedy at wkennedy3@bloomberg.net Amanda Jordan


12

View Full Article

WHAT DO YOU THINK?


Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.