What Aramco's Big Reveal Means for the Debt Market

Saudi Aramco is officially the world's most profitable company, generating $111 billion annually, nearly double that of Apple. This profitability has led to high demand for its debt, with potential yields lower than Saudi Arabia's sovereign debt. Aramco plans to raise $10 billion to acquire SABIC, amidst favorable market conditions and a low debt load compared to other oil companies. Investors are excited about the bonds, which will range from 3 to 30 years in maturity, and there is speculation that Aramco could raise up to $35 billion.

What is the expected maturity range for the bonds issued by Saudi Aramco?

What are the potential implications of Saudi Aramco raising up to $35 billion?