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All banked up, Aramco’s global debt debut could hit $15B
After a short five-day RFP process in late January, Saudi Aramco chose JP Morgan, Morgan Stanley, Citi, HSBC and the quasi-state-owned National Commercial Bank to help it raise debt for its purchase of a 70% stake in Saudi Arabian Basic Industries Corp., sources told Reuters on Feb. 14. Aramco’s first-ever international bonds will likely be launched in Q2 and be worth $10 billion, according to Saudi Energy Minister Khalid al-Falih, though a Dubai-based chief investment officer at a global firm......
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