Saudi Aramco Will Probably Issue $10 Billion Bond for Sabic Deal
- Size of proposed bond to be decided in the next few weeks
- Saudi Aramco aims to tap dollar bond market in second quarter
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Saudi Aramco could tap the bond market for about $10 billion to help fund the acquisition of petrochemicals giant Saudi Basic Industries Corp., according to the country’s Energy Minister Khalid Al-Falih.
The kingdom will decide in the “next few weeks” about the size of the proposed bond, though the offering would not be “huge,” Al-Falih told reporters in Abu Dhabi. “It will be probably in about the 10 billion range.”