Saudi Aramco, the world’s largest oil company, has completed the issuance of $8 billion worth of senior international bonds, according to a press release.
A total of 40,000 bonds were issued at a value of $200,000 each, bringing the total to $8 billion. The bonds are set to mature at the following rate: 1.250% for Bonds maturing in three years, 1.625% for Bonds maturing in five years, 2.250% for Bonds maturing in 10 years, 3.250% for Bonds maturing in 30 years, and 3.500% for Bonds maturing in 50 years.