Aramco issues bonds, could raise up to  billion

▲ Saudi oil company Aramco returned to the debt market yesterday after a three-year hiatus. The company hired banks to sell bonds with 10, 30 and 40-year maturities. Citi, Goldman Sachs, HSBC, JPMorgan, Morgan Stanley and SNB Capital were named. bookrunners joint assets for the bond sale. Aramco is likely to raise at least $3 billion in the three tranches, a source with knowledge of the matter said. The oil company last went to the markets in 2021, when it raised $6 billion.

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