Demand for Aramco's debut bonds at over $50 bln: sources

Saudi Aramco has received over 50 billion U.S.dollars in bids for its debut international bond sale, which had been expected to be in the 10-billion-U.S.-dollar region, sources familiar with the matter said.

The state-owned oil giant is marketing a U.S. dollar-denominated debt issue split into six tranches with maturities ranging from three to 30 years.

One of the sources said demand had gone up to 60 billionU.S.dollars. That would be the highest order book value since a record issuance by Qatar last year, which attracted around 52 billion U.S. dollars in orders.

Before opening the books earlier on Monday, the Aramco issue – which will be priced on Tuesday – had already attracted over 30 billion U.S. dollars in demand, Saudi Energy Minister Khalid al-Falih said.

(CGTN)