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  • Saudi Aramco allocates full term volumes to most Asian refiners for July: refiners

    The allocation of full volumes is largely in line with market expectations, with Saudi plans to raise supplies post the OPEC+ group's decision to ease production cuts amid firming demand cues aided by the global recovery.

  • Saudi Aramco hires Morgan Stanley as lead adviser to sell gas pipeline stake

    The state-owned energy producer hasn’t yet started a formal process and could add more banks to work on the deal, the people said, asking not to be identified due to information confidentiality.

  • Saudi Arabia Re-Enters Full Scale Financial Markets, Aramco $6 billion Sukuk and PIF Infrastructure Fund Stake

    Saudi Aramco’s financial attractiveness has not been dented lately, even that volatile oil markets and unilateral oil export cuts have put a dent in its profitability at present. With orders of between $33 -55 billion in place, the oil giant has been able to raise $6 billion with a new sukuk offering. The oil giant’s sukuk had a price guidance of under 70 basis points (bps) over US Treasuries (UST) for a 3-year tranche, 90 bps over UST for 5-year, and 125 bpd over UST for a ten-year tranche. On Monday June 7 Aramco’s first US dollar-denominated sukuk was launched. The total sukuk is launched in three tranches.

  • Saudi Aramco expected to raise $6 billion as bond orders top $55 billion

    Saudi Arabian oil group Aramco is expected to raise $6 billion on Wednesday as the company returned to the international debt markets with its first U.S. dollar-denominated Islamic bond sale comprising three tranches, a document showed.

  • Saudi Aramco seen raising $3 bln-4 bln with dollar sukuk

    Saudi Arabian oil giant Aramco (2222.SE) is likely to raise between $3 billion and $4 billion on Wednesday, two sources said, as it returns to the international debt markets with its first U.S. dollar-denominated sukuk sale.

  • Saudi Aramco Issues US Denominated International Trust Certificates

    The trust certificates will constitute Sharia compliant, US denominated, direct, unsecured and limited recourse obligations. The amount is subject to market conditions. The offering of the trust certificates will be limited to qualified investors in the jurisdictions in which the offering will be made in accordance with the rules and regulations of such jurisdictions.

  • Saudi Aramco mandates banks for inaugural dollar sukuk

    Saudi Aramco has hired a large group of banks to arrange its inaugural issuance of U.S. dollar-denominated sukuk, a document showed on Monday, as it seeks cash to fulfil large commitments to its major shareholder, the Saudi government. The banks will arrange fixed income investor calls starting on Monday, the document from one of the banks showed. An issuance of sukuk in three-, five- and 10-year tranches will follow, subject to market conditions.

  • Saudi Aramco plays with blocks

    Energy Vault CEO Robert Piconi told me the investment was driven by desire to have Aramco as a strategic partner rather than by a desperate need for cash. Which is good for the startup, because that means it hasn’t burned through the $110 million it raised from SoftBank in 2019.

  • Saudi Aramco Energy Ventures Invests in Energy Vault

    Energy Vault will use the funds to accelerate global deployment of its technology, which is designed to enable intermittent renewable energy generation to be stored at GW-hour scale both economically and sustainably, to deliver dispatchable power on demand. The amount of the investment was not disclosed.

  • Saudi Aramco in talks with banks for new bond sale – sources

    Saudi Arabian oil group Aramco is in talks with banks for a U.S. dollar-denominated bond issue, two sources said, seeking to raise money ahead of large commitments for its major shareholder, the Saudi government. Aramco was widely expected to become a regular bond issuer after its debut $12 billion bond deal in 2019 was followed by an $8 billion, five-part transaction in November last year.