World’s biggest oil firm Saudi Aramco raises US$8bil bond

Aramco’s deal was the largest from a company in emerging markets this year, according to data compiled by Bloomberg. The firm sold tranches maturing in three, five, 10,30 and 50 years.

DUBAI: Saudi Aramco returned to the debt markets for the first time since April of last year, selling US$8bil of bonds to help fund the world’s biggest dividend.

The state oil and gas (O&G) firm issued the debt after slumping crude prices caused profit to fall by 45% in the third quarter.