Saudi Aramco starts meeting investors

 22 Mar 2017 - 21:38

Saudi Aramco starts meeting investors
FILE PHOTO: A Saudi Aramco employee sits in the area of its stand at the Middle East Petrotech 2016 in Manama, September 27, 2016. REUTERS / Hamad I Mohammed


Dubai: Oil giant Saudi Aramco has started a series of fixed income investor meetings ahead of its first riyal-denominated sukuk issue, banking sources told Reuters.
There was no indication on the planned size of the debt sale in the notification which Aramco sent to investors, the sources said.
Bankers told Reuters in February that they expected a deal of roughly 3 to QR6bn($805m to $1.6bn). The sukuk could be issued as early as next week, the sources said yesterday. Alinma Investment, HSBC Saudi Arabia, NCB Capital and Riyad Capital are lead managers.