Aramco Likely to Sell Debt This Year With Longer-Dated Focus
- CFO Ziad Al-Murshed speaks at Saudi capital markets forum
- Aramco aims to keep up dividends based on what it can afford
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Saudi Aramco may sell bonds this year as financial markets have improved and the company looks to offer longer-dated debt, according to the state oil producer’s finance chief.
The company could issue debt with a duration of 15 to 50 years, Chief Financial Officer Ziad Al-Murshed said at a conference in Riyadh. The ability to sell debt with that duration indicates investors see Aramco, which already has one 50-year bond, remaining relevant in the business of selling oil and natural gas for transport and chemicals production through at least 2070.