Saudi Arabian Oil Company (Aramco) announces its intention to issue international bonds pursuant to its Global Medium Term Note Programme
|Introduction||Saudi Arabian Oil Company (Aramco) announces its intention to issue international bonds pursuant to its Global Medium Term Note Programme|
|Issuance Type||The bonds will be senior, U.S.$ denominated, unsecured by assets|
|Board Resolution Date||2019-03-14 Corresponding to 1440-07-07|
|Issuance Amount||Amount is subject to market conditions|
|Purpose of Issuance||The net proceeds from each issue of bonds will be used by Aramco for general corporate purposes or for any other purpose specified in the Final Terms for a series of bonds|
|Approvals||Bond issuance will be subject to the approval of the official authorities. In addition, it will be issued in accordance with the Rule 144A/Reg S offering requirements under the U.S. Securities Act of 1933, 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.|
|Additional Information||Aramco has mandated J. P. Morgan and Morgan Stanley as Arrangers and Dealers under its Global Medium Term Note Programme alongside Citigroup, Goldman Sachs International, HSBC and NCB Capital as Dealers. The Arrangers and Dealers will organize a series of fixed income investor meetings commencing 16 November 2020G (corresponding to 01/04/1442H). |
It should also be noted that the offering of the bonds will be limited to qualified investors in the jurisdictions in which the offering will be made in accordance with the rules and regulations of such jurisdictions.
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.