Saudi Aramco reported the successful completion of a US$4 billion bond issue. The transaction was structured in four tranches and was carried out under its Global Medium-Term Bond Program, reinforcing its long-term financing strategy.
Successful completion of Aramco’s bond issue
In this regard, the company explained that the placement was distributed among senior bonds with different maturities, which allowed diversifying the debt profile and attracting a broad base of institutional investors. The instruments include a tranche maturing in 2029 for US$500 million, another in 2031 for US$1.5 billion, a third tranche in 2036 for US$1.25 billion and a final tranche maturing in 2056 for US$750 million.
Also, the coupons fixed reflected conditions considered favorable for the issuer, with rates ranging from 4.0 % to 6.0 %. An important part of the transaction was that three of the tranches were fixed at negative new issue premiums, an element that underscores the perceived credit risk and the strength of Aramco’s balance sheet vis-à-vis international markets.
In addition, the transaction was priced on January 26, 2026, and the bonds were listed on the London Stock Exchange, a common market for large corporate issues. This provided additional visibility and facilitated access to global investors with an appetite for high-quality debt.
From the company’s financial management, Ziad T. Al-Murshed noted that this issuance is part of Aramco’s approach to optimize its capital structure, maintaining financial discipline aligned with the creation of sustained shareholder value. He said the interest shown by investors confirms confidence in the company’s financial strength and ability to manage its debt efficiently.
In line with its corporate objectives, Aramco continues to use the debt markets as a tool to support its financial flexibility. The recent issuance reinforces its position as one of the strongest issuers in the energy and chemicals sector, while consolidating its presence in major international capital markets.
Source and photo: Aramco