Saudi Aramco debut sukuk slated for Q2

摘要

Saudi Arabia's state energy giant, Saudi Aramco, is set to launch a debut $2bn sukuk offering as early as the second quarter of 2017, according to several international press reports. The riyal-denominated issuance will form part of a $10bn fundraising programme ahead of Aramco's proposed initial public offering (IPO), which is likely to occur in early 2018. The sukuk is likely to be privately placed among banks that are acting as lead arrangers on the transaction, including Alinma Bank, Riyad Bank, National Commercial Bank and HSBC Saudi Arabia, according to reports from the Financial Times.