Wednesday 27 February 2019

#Saudi Aramco adds Goldman Sachs as bookrunner for planned bond: sources | Reuters

Saudi Aramco adds Goldman Sachs as bookrunner for planned bond: sources | Reuters:

Saudi Aramco has added Goldman Sachs as a bookrunner for a planned bond which will help finance its purchase of a stake in Saudi Arabian Basic Industries Corp (SABIC), two sources familiar with the matter told Reuters.

The U.S. investment bank flew out a team of senior executives including partner Dina Powell, a veteran of the administration of U.S. President Donald Trump, to pitch for the deal, the sources said.

Saudi Aramco did not respond to queries for immediate comment. Goldman Sachs declined to comment.

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