Lessons learned in Saudi Aramco’s monster bond offering | Arab News:
As even The Washington Post grudgingly recognized, foreign investors did indeed “flock” to get a piece of the action in Saudi Aramco’s inaugural international bond sale.
The Saudi oil champion could have sold the issue more than eight times over, and were even rather conservative in the end, going for just $12 billion out of the $100 billion of interest that was shown by the global financial community in the record-breaking issue.
There are several lessons to be learned from the soaraway success of the issue. For all the talk last autumn, after the murder of Jamal Khashoggi, that global investors, and Americans in particular, would treat the Kingdom like some kind of pariah over the incident in Istanbul, when it came down to cold hard cash they talked with their wallets.
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