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 ;Javier Blas in London at To contact the editors responsible for this story: Will Kennedy at Amanda Jordan


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