Bonds

Saudi Aramco Sells $6 Billion of Bonds Amid Fierce Demand

Order book peaked at more than $31 billion for oil firm’s debt
Offering joins a rush of deals from the region this year

Aramco Seeks at Least $3 Billion in First Bond Sale Since 2021

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By Anthony Di Paola and Hannah Benjamin-Cook

July 10, 2024 at 5:12 AM EDT

Updated on

July 10, 2024 at 5:36 PM EDT

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Saudi Aramco pulled in more than $31 billion of orders for its $6 billion bond sale, its first dollar-debt offering in three years.

Bids peaked above $11 billion for both the oil giant’s 10- and 30-year notes, according to a person with knowledge of the matter. Aramco also sold 40-year bonds in the deal that priced Wednesday.