Saudi energy minister predicts demand for Aramco bond 'north of' $30 bln
Saudi Energy Minister Khalid al Falih said Monday that he expects strong demand for oil giant Saudi Aramco's first-ever bond issue expected to close on Wednesday. Demand for the bonds should be "north of" $30 billion, al Falih said while speaking at the inaugural Gulf Intelligence Saudi Arabia Energy Forum in Riyadh on Monday, CNBC and other news outlets reported. If realized, that's well above the $10 billion projected when the sale was first announced.
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