Aramco bumper bonds sale is already not living up to the hype

Dubai/London — The slump in Aramco bonds since its unprecedented debt sale this month makes one thing clear: you can’t take the Saudi out of Saudi Aramco.

If he’s right, there’s still a ways to go before the Aramco bond sell-off is over. The company’s $3bn worth of notes due in 2029 yielded 3.77% as of 11.12am London time, less than the 3.87% on similar-maturity Saudi government debt sold in January. “If it weren’t for its post-code it would most likely have come even tighter,” Anders Faergemann, a fund manager in London at PineBridge Investments, which oversees about $90bn and owns Aramco bonds, said of the pricing. “Aramco is a bit of special case as it stirred interest from all types of investors, not just your usual emerging-market investors.

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Saudi Aramco in talks to buy stake in Reliance divisionsState oil company targets refining and petrochemicals businesses of Indian firm
Source: BDliveSA - 🏆 12. / 63 Read more »

Saudi Aramco in talks to buy stake in Reliance divisionsState oil company targets refining and petrochemicals businesses of Indian firm
Source: BDliveSA - 🏆 12. / 63 Read more »

Saudi Aramco’s plans to be the world’s biggest oil consumerThe world’s top crude exporter will use new facilities in the kingdom and elsewhere, ‘making it the biggest refiner in the world by some margin’ How oil consumer?
Source: BDliveSA - 🏆 12. / 63 Read more »

WATCH LIVE: Packham adamant he did not kill his wife, testimony continuesMurder accused Rob Packham is expected to continue testifying in the Western Cape High Court. Watch live.
Source: News24 - 🏆 4. / 80 Read more »

LIVE: Nhleko's accusations against McBride, Dramat were 'not only malicious, it's orchestrated' - McBride tells #StateCaptureInquiryThe judicial commission of inquiry into state capture is continuing with testimony from former IPID head Robert McBride.
Source: News24 - 🏆 4. / 80 Read more »

How Sudan’s protesters upped the ante, and forced al-Bashir from powerFollowing months of protests, and a prolonged sit-in outside the military headquarters in Khartoum, Sudanese president Omar al-Bashir was placed under house arrest on April 11 as the country’s military prepared for a transitional government.
Source: TimesLIVE - 🏆 28. / 59 Read more »

How Sudan's protesters upped the ante, and forced al-Bashir from powerBy the time al-Bashir stepped down protests had taken hold in more than 35 cities across the country. People took to the streets in more and more places following the first demonstration in the northern Nile-side town of Atbara. So when is this man going to be sent to jail? Nice nappy bru.
Source: News24 - 🏆 4. / 80 Read more »

UPDATE: Charges upped to culpable homicide after toddler run over at Gauteng crècheThe family alleged police officers told them they could not open a case because it was 'a weekend'.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Charges upped to culpable homicide after toddler run over at Joburg creche | IOL NewsThe reckless and negligent case driving opened by police after Britney Ruguwa, 1, was fatally run over by a motorist has ... South African Fucken Police 👮 Service at your service
Source: IOL - 🏆 46. / 51 Read more »

Has Meghan already given birth to the royal baby?The latest royal baby Sussex rumour swirling is that Meghan, Duchess of Sussex has already given birth. Singenaphi?
Source: Channel24 - 🏆 48. / 51 Read more »

LIVE: Protesters firing live ammunition, one dead, say policeService delivery related protests have flared up across South Africa ahead of national elections in May. But let police use live ammunition then real hell breaks loose The state of this country wow. Where
Source: News24 - 🏆 4. / 80 Read more »