Aramco’s latest bond issues enticing for yield-hungry investors
But it may only succeed in raising $6bn, half of its oversubscribed inaugural debt offering in April 2019
17 November 2020 - 19:11
Is it wise to lend money to a company that’s simply going to use it to pay its equity holders a fat dividend? If it’s one of the world’s largest and most profitable businesses, the answer is probably yes.
Saudi Aramco is making its second big foray into the international bond markets with a bumper slab of five new bonds, ranging from three to 50 years in maturity. Expectations are that the giant oil producer will only raise about $6bn, half the size of its hugely oversubscribed inaugural debt offering in April 2019...
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