Saudi Aramco May Raise Up to $15 Billion in Debut Foreign Bond - Bloomberg

Saudi Aramco May Raise Up to $15 Billion in Debut Foreign Bond - Bloomberg:

Saudi Aramco’s widely anticipated international bond debut may raise as much as $15 billion and attract new investors to the oil-rich Gulf region, which was just added to an emerging markets index.

The world’s biggest oil producer may sell the bonds in the first half of the year, and picked five banks to raise the cash it needs for its planned acquisition of petrochemicals giant Saudi Basic Industries Corp. 

Aramco could raise about $10 billion from the bond, Saudi Energy Minister Khalid Al-Falih said last month. The deal would force the company to disclose accounts for the first time since its nationalization about four decades ago.