The bonds are senior, U.S.$ denominated, unsecured by assets
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 the latest developments on the issuance of international bonds by Saudi Arabian Oil Company (Aramco) pursuant to its Global Medium Term Note Programme, Aramco announces the completion of issuing international bonds.
Issuance Type
The bonds are senior, U.S.$ denominated, unsecured by assets
Issuance Amount
U.S.$ 8,000,000,000
Total number of (Bonds/Sukuk)
40,000
Par Value (Bonds/Sukuk)
U.S.$ 200,000.00 and integral multiples of U.S.$1,000 in excess thereof
Return (Bonds/Sukuk)
1.250% for Bonds maturing in 3 years, 1.625% for Bonds maturing in 5 years, 2.250% for Bonds maturing in 10 years, 3.250% for Bonds maturing in 30 years and 3.500% for Bonds maturing in 50 years
Maturity (Bonds/Sukuk)
3, 5, 10, 30 and 50 years
Terms of Redemption
Redemption on maturity, early redemption following a change of control event 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.
Comments