- Aramco completed a $4 billion bond issuance under its Global Medium Term Note Program.
- $500 million notes mature in 2029 at 4.0% coupon rate.
- $1.5 billion notes mature in 2031 at 4.375% coupon rate.
- Notes were listed on the London Stock Exchange.
Bond Issuance Overview
Aramco has successfully completed a $4 billion bond issuance under its Global Medium Term Note Program. The issuance was structured across four tranches, each with varying maturity dates and coupon rates.
Tranche Details
The first tranche consists of $500 million in senior notes maturing in 2029 with a coupon rate of 4.0%. The second tranche includes $1.5 billion in senior notes maturing in 2031 with a coupon rate of 4.375%. The third tranche involves $1.25 billion in senior notes maturing in 2036 with a coupon rate of 5.0%. The final tranche comprises $750 million in senior notes maturing in 2056 with a coupon rate of 6.0%.
Market Reception
The transaction was priced on January 26, 2026, and the notes were subsequently listed on the London Stock Exchange. The issuance featured attractive pricing, with negative new issue premiums on three of the tranches, underscoring Aramco's strong credit quality.
