Riyadh – Mubasher: Saudi Aramco has reportedly selected chief economic adviser at Allianz Mohamed El-Erian as an informal adviser for its first bond issue, informed sources told Reuters on Wednesday. 

The major energy company is planning to launch a roadshow this week for a $10 billion bond offering.

Aramco will meet investors in Europe, Asia and the US to promote its bond sale.

Earlier today, Saudi Aramco revealed that it expected to float parts of its stakes in some subsidiaries on the Saudi Stock Exchange (Tadawul), according to a prospectus issued by the kingdom-based oil giant for its first ever international bond.