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Landmark Bond Issuance: Saudi Aramco successfully prices its inaugural bond

Posted: 18 April 2019

Saudi Aramco Summary

London Stock Exchange welcomed the inaugural $12bn debut bond from Saudi Arabian Oil Company (ARAMCO). 

Saudi Aramco's decision to list this landmark transaction on London Stock Exchange reflects the confidence in the exchange to cater to international investor demand for marquee transactions and the UK’s position as a global financial centre, with a robust but fair regulatory regime. The bond, solely listed on London Stock Exchange under its Global Medium-Term Notes programme (GMTN) of unlimited size.

London Stock Exchange Group has developed a leading position as the global home for international bond issuances, across the geographies and sectors, including large, landmark issuances.

Jumbo bond issuances (>$1bn) on global exchanges

JUMBO BOND ISSUANCES (>bn) ON GLOBAL EXCHANGES

Source: Dealogic, only contains sovereign and corporate issuances

The deal caps off a successful week for Middle Eastern issuers on London’s markets. Network International successfully raised more than $1.6bn for their IPO, the largest ever Middle East & Africa technology IPO listed on any exchange globally, highlighting London Stock Exchange’s multi-asset capabilities and facilitating capital raises from Middle Eastern issuers. London Stock Exchange remains unrivalled in its ability to cater to client requirements across asset-classes in the primary and secondary markets.

London Stock Exchange’s dedicated Primary Markets team stands ready to assist you on future deals, providing an efficient listing experience, investor confidence and the profile to be associated with an exchange partner like London Stock Exchange.

Thanks,

Darko Hajdukovic
Head of Fixed Income, Funds & Analytics, UK Primary Markets