Saudi Aramco has received over $50 billion in bids for its debut international bond sale, which has been expected to be in tie #10 billion region, sources familiar with the matters said.
The state-owned oil giant is marketing a U.S. dollar-denomination debt issue split into six tranches with maturities ranging from three to 30 years.
One of the sources said demand had gone up to $60 billion. That would be the highest order book value since a record issuance by Quatar last year, which attracted around $52 billion in orders.
Before opening the books earlier on Monday, the Aramco issue – which will be priced on Tuesday – had already attracted over $30billion in demand, Saudi Energy Minister Khalid Al-Falih said. $[