Saudi Aramco plans to issue a $10 billion bond to help fund its acquisition of a majority stake in Saudi Arabia's petrochemicals firm, shedding a light on the financial performance of the world’s largest oil company for the first time
DUBAI—Saudi Aramco plans to issue a $10 billion bond as early as next week to help fund its acquisition of a majority stake in the kingdom’s petrochemicals firm, said people familiar with the matter, shedding a light on the financial performance of the world’s largest oil company for the first time.
The bond would be the first-ever debt issuance by Saudi Arabian Oil Co., as the oil giant is officially known. The money would be used for a down payment on its $69.1 billion purchase of 70% of Saudi Basic Industries Corp., with...
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