#Secondary offering

Aramco set to raise $6bn from three-part bonds

Saudi Aramco set to raise $6bn from three-part bonds

Demand for the three tranches topped $31.5bn, drawing over $11bn for each of the 10- and 30-year tranches and more than $9.5bn for the 40-year bonds

Saudi Arabia raises $12.35bn from Aramco’s share sale

Saudi Arabia raises $12bn from Aramco’s share sale

The government sold a 0.64 per cent stake in Aramco last month, with an additional 154 million shares available for stabilising manager Merrill Lynch

Aramco allocate about 60% of share sale to foreign funds

Over half of Aramco share sale allocated to foreign investors

International demand for the secondary share sale was greater than for Aramco’s IPO in 2019