RIYADH: Demand for Saudi Aramco's inaugural international bond, which will be issued this week, is higher than US$30 billion, Saudi Energy Minister Khalid al-Falih said on Monday.
Speaking at an event in Riyadh, Falih said he believed demand for the bond was"north of" US$30 billion.Aramco last year postponed a planned initial public offering to 2021."The success of this bond issue will be the litmus test and a crucial precursor for the anticipated Aramco IPO within the next two years," said Salah Shamma, head of investment, MENA equities, at Franklin Templeton.
Falih said in addition to SABIC, there will be other assets,"non-strategic assets", that PIF may exit.
Source: Energy Industry News (energyindustrynews.net)
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