/cloudfront-us-east-2.images.arcpublishing.com/reuters/HVDUGMVNIBN4JNKOK2RGI4K3JI.jpg?fit=%2C&ssl=1 "Saudi Aramco expected to raise $ 6 bln as bond orders top $ 55 bln")
A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS / Maxim Shemetov / File Photo
Saudi Arabian oil group Aramco (2222.SE) is expected to raise $ 6 billion on Wednesday as the company returned to the international debt markets with its first US dollar-denominated Islamic bond sale comprising three tranches, a document showed.
Pricing guidance on the Islamic bond or sukuk tightened to around 70 basis points (bps) over US Treasuries (UST) for a three-year tranche, around 90 bps over UST for a five-year tranche and around 125 bps over UST …
