Aramco Said to Plan Bond Sale to Help Fund $75 Billion Dividend
- Saudi oil company may issue around $5 billion, one person said
- The dividend is crucial source of funding for Saudi government
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Saudi Aramco is preparing to return to global capital markets with a bond that would help fund a $75 billion dividend commitment, according to people with knowledge of the plan.
The world’s biggest energy company has picked around 15 banks to manage a sale of Islamic debt, or sukuk, that could happen this month, according to people with knowledge of the matter. The state-controlled firm may seek to raise around $5 billion, one of the people said.