Saudi Aramco to meet bond investors next week ahead of debut dollar bond
Saudi Aramco will start meeting bond investors next week to persuade them to buy its debut international bond, which will help the world's largest oil producer fund the $69.1 billion purchase of a stake in Saudi Basic Industries Corp (SABIC), sources familiar with the matter said. Aramco has issued local currency bonds in the past, but the planned deal would be its first in the international markets. Aramco is expected to meet international bond investors next week ahead of the debt sale, which the Saudi energy minister previously said would be around USD10bn in size. The international bond sale will almost certainly require the company to obtain a credit rating and disclose financial information in a prospectus.
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