Logo ofSaudi Arabian Oil Co. (Saudi Aramco)
Saudi Arabian Oil Co. (Saudi Aramco) completed the issuance of $5 billion international bonds under its Global Medium-Term Note (GMTN) Programme, according to a statement to Tadawul. 
The US dollar-denominated bonds represent direct, general, unconditional, and unsecured obligations of Aramco.
Details
Issuance Type
USD-denominated, direct, general, unconditional and unsecured obligations of Saudi Aramco
Issuance Value
$5 bln
Number of Bonds
25,000
Par Value
$200,000 and integral multiples of $1,000 in excess thereof
Maturity
5, 10, and 30 years
Yield
4.750% for bonds maturing in 5 years, 5.375% for bonds maturing in 10 years and 6.375% for bonds maturing in 30 years
Terms of Redemption
Redemption on maturity, following an event of default, for tax reasons (at the option of Saudi Aramco); issuer maturity par call (at the option of Saudi Aramco); make whole call (at the option of Saudi Aramco); and change of control put (at the option of noteholders)
The statement added that the bonds will be issued in accordance with Rule 144A/Reg S offering requirements under the US Securities Act of 1933, as amended. The stabilization rules of the Financial Conduct Authority (FCA) and the International Capital Market Association (ICMA) will also apply to the issuance.
Applications will be made for the bonds to be admitted to the official list of the FCA and to the London Stock Exchange plc and for such bonds to be admitted to trading on the London Stock Exchange’s main market.
Logo ofSaudi Arabian Oil Co. (Saudi Aramco)
Saudi Arabian Oil Co. (Saudi Aramco) completed the issuance of $5 billion international bonds under its Global Medium-Term Note (GMTN) Programme, according to a statement to Tadawul.
The US dollar-denominated bonds represent direct, general, unconditional, and unsecured obligations of Aramco.
Details
Issuance Type
USD-denominated, direct, general, unconditional and unsecured obligations of Saudi Aramco
Issuance Value
$5 bln
Number of Bonds
25,000
Par Value
$200,000 and integral multiples of $1,000 in excess thereof
Maturity
5, 10, and 30 years
Yield
4.750% for bonds maturing in 5 years, 5.375% for bonds maturing in 10 years and 6.375% for bonds maturing in 30 years
Terms of Redemption
Redemption on maturity, following an event of default, for tax reasons (at the option of Saudi Aramco); issuer maturity par call (at the option of Saudi Aramco); make whole call (at the option of Saudi Aramco); and change of control put (at the option of noteholders)
The statement added that the bonds will be issued in accordance with Rule 144A/Reg S offering requirements under the US Securities Act of 1933, as amended. The stabilization rules of the Financial Conduct Authority (FCA) and the International Capital Market Association (ICMA) will also apply to the issuance.
Applications will be made for the bonds to be admitted to the official list of the FCA and to the London Stock Exchange plc and for such bonds to be admitted to trading on the London Stock Exchange’s main market.
