- Aramco’s $3 billion sukuk was six times oversubscribed
- The issuance follows a successful $6 billion sukuk in July
Saudi Aramco has completed a $3 billion international sukuk offering that drew six times the expected demand, underscoring the energy giant’s appeal among investors. The offering, announced on Thursday, comprises two US dollar-denominated tranches: a $1.5 billion tranche maturing in 2029 at a 4.25% profit rate, and another $1.5 billion tranche maturing in 2034 at a 4.75% profit rate.
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