Posted inBahrain, Jordan, Lebanon, Middle East, Qatar, Saudi Arabia, United Arab Emirates

Aramco bond sale highlights growing Gulf debt

In one of the most over-subscribed issues in history, Saudi Arabia’s state-owned energy giant, Saudi Aramco, has sold $12 billion of bonds, with investors from around the globe flocking to participate. The sale was so large it lowered the country’s entire borrowing cost at a single stroke. It could also inject new financial life into […]