Saudi Aramco Order Book Said to Be $40 Billion for Dollar- Bond Sale

The transcript discusses Aramco's debut dollar bond sale, highlighting a $40 billion order book and initial pricing close to the Saudi sovereign curve. The bond sale spans six tranches from 3 to 30 years. With high demand, there's potential for Aramco to price inside the sovereign, a notable achievement for a state-owned entity. Investor interest and feedback suggest pricing may tighten further, leading to a sizable issue.

What is the total value of the order book for Aramco's debut dollar bond sale?

• $20 billion

• $30 billion

• $50 billion

• $40 billion

How many tranches are involved in Aramco's bond sale?

• Six

• Four

• Five

• Seven

What would be a remarkable result for Aramco in terms of pricing?

• Pricing above the sovereign

• Pricing inside the sovereign

• Pricing below market average

• Pricing equal to the sovereign

What is the current status of Aramco's initial price thoughts compared to the Saudi sovereign curve?

• Pretty close

• Significantly above

• Slightly above

• Significantly below

What is the expected outcome for Aramco's bond issue in terms of size and pricing?

• A large issue with average pricing

• A small issue with high pricing

• A sizable issue with tight pricing

• A moderate issue with loose pricing