Saudi Aramco to sell a 30-year bond

Saudi Aramco to sell a 30-year bond

The largest oil company in the world, Saudi Aramco, has given initial price guidance for its debut international bond.

Reuters News reported cited a document issued by one of the banks leading the deal that the bond is split into tranches ranging from three to 30 years.

Aramco is offering around 75 basis points (bps) over U.S. Treasuries for a three-year bond, around 95 bps over the same benchmark for a five-year tranche, 125 bps for 10-year, 160 bps for 20-year and 175 bps for 30-year notes.

It is also offering a three-year floating rate tranche.