Orders for Saudi Aramco bond hit $85B - Reuters

|About: Saudi Aramco (ARMCO)|By:, SA News Editor

Orders for Saudi Aramco's (ARMCO) debut international bonds topped $85B, sources told Reuters, signaling a record breaking vote of confidence for the oil giant.

Aramco was expected to raise around $10B from the deal, which will be priced later today and is seen as a gauge of potential investor interest in the Saudi company’s eventual IPO.

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