#Saudi Aramco's new bonds inch up in early trade - sources | ZAWYA MENA Edition

Saudi Aramco's new bonds inch up in early trade - sources | ZAWYA MENA Edition:

Saudi Aramco's newly issued dollar-denominated bonds inched up on Wednesday, with longer-dated paper outperforming, sources familiar with the matter said.

The company on Tuesday issued $12 billion worth of paper, disappointing much of the over $100 billion in demand.  


Of the five tranches, the $3 billion 30-year bonds were the best performers, up by slightly over 1 cent, the sources said, while shorter-dated paper made more modest gains.