Thursday 14 February 2019

Aramco picks banks for debut international bond: sources | Reuters

Aramco picks banks for debut international bond: sources | Reuters:

Saudi Aramco has selected banks to arrange its first international debt sale, which will help it finance the acquisition of a stake in Saudi Arabian Basic Industries Corp (SABIC), two sources familiar with the matter said on Thursday.

The state oil giant has picked a group of banks including JPMorgan, Morgan Stanley, Citi, HSBC and Saudi Arabia’s National Commercial Bank, the sources said.

JPMorgan and Morgan Stanley have been appointed joint global coordinators and, together with the other banks, joint bookrunners, said one of the sources.

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