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Aramco CEO to Bloomberg: Speaking to credit rating agencies before landmark bond deal

Wednesday, January 23, 2019/ Editor -  

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January 23 2019, Saudi Arabia: Speaking to Bloomberg Television’s Jonathan Ferro, Saudi Aramco CEO Amin Nasser said the oil giant is talking to credit rating agencies in preparation for its foray into the international bond market. Aramco is looking at a potential bond sale to pay for SABIC. 
 
Other highlights include:
  • “We will decide soon how much we would like to take from the bond market. Definitely it is going to be an international bond. We are currently in discussion with regard to how much and where.”
  • Aramco has no intention of buying more than 70% in SABIC
  • Aramco’s 2018 results are “great”

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