Reuters was first with the news that Saudi oil giant Aramco has selected banks to arrange its first international debt sale, which will help it finance the acquisition of a stake in Saudi Arabian Basic Industries Corp. The news is of huge significance to banks, who could earn millions of dollars in fees if Aramco goes ahead with a planned $10 billion bond and to investors in the debt market.
Reuters first to report Aramco picks banks for debut international bond
13 February 2019, 12:00 am 1 minute
Topics of Interest: Politics
Type: Reuters Best
Regions: Europe / Middle East / Africa