Saudi Arabian Oil Company (Aramco) announces the start of issuing international bonds. The bonds will be senior, U.S.$ denominated, unsecured by assets
| Element List | Explanation |
|---|---|
| Introduction | Reference to the announcement from the Saudi Arabian Oil Company (Aramco) published on the website of the Saudi Stock Exchange (Tadawul) on 01/04/1442H (corresponding to 16 November 2020G) relating to its intention to issue international bonds, Aramco announces the start of the issuance of such international bonds pursuant to its Global Medium Term Note Programme |
| Issuance Type | The bonds will be senior, U.S.$ denominated, unsecured by assets |
| Issuance Amount | The issuance amount is subject to market conditions |
| Issuing Start Date | 2020-11-16 Corresponding to 1442-04-01 |
| Issuing End Date | 2020-11-18 Corresponding to 1442-04-03 |
| Issuance Target Group | Institutional investors (qualified investors in the jurisdictions in which the offering will be made in accordance with the rules and regulations of such jurisdictions) |
| Underwriter | Citi, Goldman Sachs International, HSBC, J.P. Morgan, Morgan Stanley and NCB Capital |
| Minimum Subscription | U.S $200,000 and integral multiples of U.S.$1,000 in excess thereof, subject to market conditions |
| Listing Price (Sukuk /Bonds) | The price is subject to market conditions |
| Par Value | The par value will be determined subject to market conditions |
| Return (Sukuk /Bonds) | The return will be subject to market conditions |
| Maturity (Sukuk /Bonds) | 3, 5, 10, 30 and/or 50 years, subject to market conditions |
| Terms of Redemption | Redemption on maturity and issuer call option |
| Additional Information | The Bonds will be issued in accordance with the Rule 144A/Reg S offering requirements under the U.S. Securities Act of 1933G, as amended. The stabilisation rules of the Financial Conduct Authority (FCA) and the International Capital Market Association (ICMA) will also apply to the issuance. Application will be made for the bonds to be admitted to the official list of the FCA and to the London Stock Exchange plc and for such bonds to be admitted to trading on the London Stock Exchange’s Regulated Market.
Note that the Issuing End Date referred to above is the expected date of the end of the Offering, subject to market conditions. |
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