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Saudi Aramco hires banks for multi-tranche bonds

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DUBAI:
Saudi
Aramco has employed a bunch of
banks forward of a
multi
tranche US dollar-denominated bond issuance, a doc from one of many
banks arranging the deal confirmed on Monday.

Goldman Sachs, Citi, HSBC, JPMorgan, Morgan Stanley, NCB Capital, BNP Paribas, BOC International, BofA Securities, Credit Agricole, First Abu Dhabi Bank, Mizuho, MUFG, SMBC Nikko and Societe Generale have been employed to rearrange investor calls beginning on Monday.

A benchmark
multi
tranche providing consisting of 3-, 5-, 10-, 30- and/or 50-year tranches will comply with, topic to market circumstances.




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