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Saudi Arabian Oil Company (Saudi Aramco) announces its intention to issue international bonds pursuant to its Global Medium Term Note Programme in U.S. dollars. These bonds will be senior unsecured notes
| Element List | Explanation |
|---|---|
| Introduction | Saudi Arabian Oil Company (Saudi Aramco) announces its intention to issue international bonds pursuant to its Global Medium Term Note Programme in U.S. dollars. These bonds will be senior unsecured notes. |
| Offer Type | The bonds will constitute U.S.$ denominated, direct, general, unconditional and unsecured obligations of Saudi Aramco. |
| Date of the board’s decision | 2021-12-20 Corresponding to 1443-05-16 |
| Value of the offer | Amount is subject to market conditions. |
| The Purpose of the offer | The net proceeds from each issue of bonds will be used by Saudi Aramco for general corporate purposes or for any other purpose specified in the Final Terms for a series of bonds. |
| Approvals | The bond issuance will be subject to the approval of the relevant regulatory authorities. In addition, the bonds will be issued in accordance with the Rule 144A/Reg S offering requirements under the U.S. Securities Act of 1933, as amended. The stabilisation rules of the Financial Conduct Authority (“FCA”) and the International Capital Market Association (“ICMA”) will also apply to the issuance. Application will be made for the bonds to be admitted to the official list of the FCA and to the London Stock Exchange plc and for such bonds to be admitted to trading on the London Stock Exchange’s main market. |
| Additional Information | Saudi Aramco has mandated Citi, Goldman Sachs International, HSBC and J.P. Morgan as Active Joint Bookrunners. Abu Dhabi Commercial Bank, Bank of China, BofA Securities, Emirates NBD Capital, First Abu Dhabi Bank, Mizuho, MUFG, NATIXIS, Riyad Capital, SMBC, SNB Capital and Standard Chartered Bank have been mandated as Passive Joint Bookrunners. The offering of the bonds will be limited to qualified investors in the jurisdictions in which the offering will be made in accordance with the rules and regulations of such jurisdictions. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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