BlackRock-led investors in Aramco pipelines start bond sale – Reuters
- Date: 09-Feb-2023
- Source: Reuters
- Sector:Financial Markets
- Country:Saudi Arabia
BlackRock-led investors in Aramco pipelines start bond sale – Reuters
DUBAI, Feb 9 (Reuters) - Investors in Saudi Aramco's gas pipeline network, led by BlackRock Inc (BLK.N), have begun a sale of dollar bonds in three tranches to refinance a multi-billion dollar loan that backed their stake purchase, a bank document showed.
The BlackRock-led investors, along with Saudi state-backed Hassana Investment Co., agreed to a $15.5 billion lease-and-leaseback agreement with Aramco in late 2021, which gives the investors a 49% stake in Aramco Gas Pipelines Co.
The consortium is issuing amortising conventional bonds and sukuk to begin refinancing a $13.4 billion bridge loan that backed the stake purchase.
Select Sector 
Select Country 
