Saudi Aramco Publishes Initial Bond Tranches

Saudi Aramco has given initial price guidance for its debut international bond, which is split into tranches ranging from three to 30 years, a document issued by one of the banks leading the deal showed.


Brent crude graph

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.

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza