RIYADH: Saudi Aramco has priced its dollar-denominated 3-part bonds at $5 billion and set spread for them, fixed income news service IFR reported on Tuesday.
Aramco priced its five-year debt sale at $1.5 billion with spread set at 80 basis points over US Treasuries, tighter than 115 bps over the same benchmark released earlier in the day.
Meanwhile, the 10-year portion spread was set at 95 bps with a price of $1.25 billion and its 30-year portion spread was set at 155 bps with a price of $2.25 billion, IFR said. The spread was over the same benchmark tightened from 130 and 185 bps.
The proceeds from each issue of bonds will be used by Saudi Aramco for general corporate purposes, the company said in a bourse filing.
Before the pricing was announced, the debt deal was expected to be benchmark-sized, which is usually considered to be at least $500 million.
Earlier this month, Aramco reported a 4.6 percent drop in first-quarter profits, citing lower sales and higher operating costs as economic uncertainty hit crude markets.
Reuters reported last week that the oil giant is exploring potential asset sales to release funds as it pursues international expansion and weathers the impact of lower crude prices.
The company last turned to global debt markets in July when it raised $6 billion from a three-tranche bond sale.
Saudi Arabia, which is seeking funds to invest in new industries and wean its economy away from oil under its Vision 2030 plan, has long relied on Saudi Aramco to support economic growth.
Other Gulf issuers have tapped debt markets in recent months, braving a market turmoil caused by US President Donald Trump’s tariff policies.
They include Saudi Arabia’s $925 billion sovereign wealth fund and Abu Dhabi’s renewable energy firm Masdar, which last week raised $1 billion with a green bond. (Reporting by Hadeel Al Sayegh and Federico Maccioni in Dubai, Mohammad Edrees in Bangalore; Additional reporting by Pushkala Aripaka; Editing by Kirsten Donovan, Barbara Lewis, David Evans and Mark Porter)
Saudi Aramco prices three-part bond sale at $5bn
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Saudi Aramco prices three-part bond sale at $5bn
Saudi Arabia among top states in tech security with 99% score, says official
RIYADH: Programs and security initiatives launched by the Ministry of Interior have contributed significantly to improving quality of life in Saudi Arabia by generating high-quality data that supports planning and enables faster responses, placing the Kingdom in the global spotlight, Khalid Al-Bakr, CEO of the Quality of Life Program, told Al-Eqtisadiah.
He noted that the Unified Security Operations Centers 911 in Riyadh, the Eastern Province, Madinah, and Makkah are among the Quality of Life Program’s initiatives implemented in partnership with the Ministry of Interior, producing data that helps develop plans and ensure swift responses to incidents.
Al-Bakr added that technology has been integrated into security capabilities, including the use of body cameras for security personnel, which has helped maintain high levels of public safety.
He highlighted that reporting violations or crimes via 911 has an average response time of just two seconds, describing it as a technological leap that serves residents and visitors alike and enhances trust in security services.
The CEO of Saudi Arabia’s Quality of Life Program said the Kingdom ranks among the top countries globally in security technology, with a 99 percent rating, emphasizing that Saudi Arabia is a leader in leveraging advanced security technologies to serve residents and visitors, making it an attractive place to live and visit.
Al-Bakr explained that the major transformation in the use of technology — particularly in services provided by the Ministry of Interior — has had a significant impact on quality of life, noting that accessing services such as passport or national ID renewal has become faster and more convenient, often available at the click of a button.
