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.
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.
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