Aramco raises $6 billion through world’s largest US-dollar corporate sukuk

Aramco raises $6 billion through world’s largest US-dollar corporate sukuk

Published 18 Jun,2021 via Asharq Alawsat (English Edition) - Saudi Aramco announced on Thursday that it has succeeded in raising $6 billion from its first dollar-denominated Islamic bond sale to major institutional investors.

The three-tranche sukuk, or Islamic bonds compliant with the Muslim faith, are due in three, five and 10 years, the company said in a statement.

Aramco "successfully raised $6 billion, following the sale of US dollar-denominated sharia-compliant securities to leading institutional investors", the statement said.