Saudi Aramco starts meeting investors
22 Mar 2017 - 21:38
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.