Saudi Aramco said to have started meeting investors before debut sukuk issue
Saudi Aramco has reportedly started a series of fixed income investor meetings on Wednesday ahead of its first SAR-denominated sukuk issue. There was no indication to the planned size of the debt sale in the notification, which Aramco had sent to investors, the sources said, adding that the issuance could take place as early as next week. Bankers told Reuters in February that they expected a deal of cSAR3-6bn (USD805-1.6bn). Alinma Investment, HSBC Saudi Arabia, NCB Capital and Riyad Capitalare lead managers on the transaction.
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