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Saudi Arabian Oil Company (Aramco) announces the start of issuing international bonds. The bonds will be senior, U.S.$ denominated, unsecured by assets

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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.

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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