Deals
Aramco Debt Demand Reaches $30 Billion in Deal Pitched by JPMorgan CEO
- Roadshow is wrapping up as pricing could come as soon Tuesday
- Investors see deal size above $10 billion, premium for risks
This article is for subscribers only.
In a bond sale closely watched by investors globally, Saudi Aramco and its bankers are preparing to kick off what could be at least a $10 billion offering this week. Early indications suggest investors are already crowding in.
Demand for the most highly anticipated sale of the year already totaled $30 billion, Aramco Chairman and Saudi Energy Minister Khalid Al-Falih said in an interview in Riyadh on Monday. The state-owned oil giant and bankers spent the last week drumming up support for its debut offering at presentations in cities ranging from New York and Chicago to Singapore and Tokyo.