Riyadh - Mubasher: Saudi Arabian Oil Company (Aramco) has started offering its international bond issuance under its global medium-term note program, targeting institutional investors.
The USD-denominated bonds will be direct, general, unconditional, and unsecured obligations of Aramco, according to a bourse filing.
Minimum subscriptions are set at $200,000, with additional subscriptions in multiples of $1,000.
The issuance amount, offer price, return, and maturity will all be determined subject to market conditions. Meanwhile, the offering will run from 26 January to 2 February 2026.
Active joint bookrunners for the issuance include Citi, Goldman Sachs International, HSBC, J.P. Morgan, and Morgan Stanley.
Passive joint bookrunners comprise Abu Dhabi Commercial Bank (ADCB), Bank of China, BofA Securities, BSF Capital, Emirates NBD Capital, First Abu Dhabi Bank (FAB), Mizuho, MUFG, NATIXIS, Riyad Capital, SMBC, and Standard Chartered Bank.
Earlier this month, Aramco's President and CEO Amin H. Nasser announced that the company’s annual capital expenditures range between $50 billion and $60 billion.
