#Saudi Aramco plans debt market comeback with multi-tranche bond deal | Reuters

Saudi Aramco plans debt market comeback with multi-tranche bond deal | Reuters

Saudi Aramco 2222.SE said on Monday it had hired banks for a multi-tranche U.S. dollar-denominated bond issuance, as the world's largest oil company seeks cash amid lower oil prices.

Gulf issuers have show no sign of slowing this year’s blitz of issues on international debt markets as they work to plug finances hit by weaker oil prices and the coronavirus crisis.

Issuances from the region so far this year have already shot through 2019’s record, again surpassing $100 billion.

Goldman Sachs GS.N, Citi C.N, HSBC HSBA.L, JPMorgan JPM.N, Morgan Stanley MS.N and NCB Capital 1180.SE were hired to arrange investor calls starting on Monday before the planned transaction, Aramco said in a bourse filing.

Other banks involved in the deal include BNP Paribas BNPP.PA, BOC International 601696.SS, BofA Securities BAC.N, Credit Agricole CAGR.PA, First Abu Dhabi Bank FAB.AD, Mizuho 8411.T, MUFG 8306.T, SMBC Nikko 8316.T and Societe Generale SOGN.PA, a document issued by one of the banks on the deal showed.