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    2222   SA14TG012N13

SAUDI ARABIAN OIL COMPANY

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Saudi Aramco Hires Banks for Multi-Tranche Bond Deal

11/16/2020 | 05:26am EDT

By Lorena Ruibal

Saudi Aramco has hired a group of banks to test investor appetite for a planned multi-tranche U.S. dollar-denominated bond deal, as the world's largest oil company seeks to raise cash amid lower oil prices, according to a bank involved in the deal.

A series of calls to fixed-income investors will be taking place Monday, ahead of the planned sale of a benchmark multi-trache U.S. dollar-denominated bond transaction, including bonds maturing in three, five, 10 and 30 and/or 50 years, subject to market conditions.

Benchmark bonds are generally at least $500 million per tranche, and the notes are expected to be rated A1 by Moody's and A by Fitch.

The announcement comes almost two weeks after the oil giant reported a sharp drop in profits driven by lower crude prices.

Saudi Aramco last tapped the international debt market in April last year, raising $12 billion in its first market debut after attracting record high demand. Investors placed orders worth over $100 billion.

Goldman Sachs, Citi, HSBC, JPMorgan, Morgan Stanley and NCB Capital were hired to arrange investor calls starting on Monday ahead of the planned transaction, according to a deal note.

Other banks involved in the transaction include BNP Paribas, BOC International, BofA Securities, Credit Agricole, First Abu Dhabi Bank, Mizuho, MUFG, SMBC Nikko and Societe Generale, the deal note said.

Write to Lorena Ruibal at lorena.ruibal@wsj.com

(END) Dow Jones Newswires

11-16-20 0525ET

Stocks mentioned in the article
ChangeLast1st jan.
HSBC HOLDINGS PLC 0.53% 398.25 Delayed Quote.5.07%
JPMORGAN CHASE & CO. 1.14% 152.89 Delayed Quote.20.32%
LONDON BRENT OIL 0.06% 72.38 Delayed Quote.45.28%
MORGAN STANLEY 0.38% 96.6 Delayed Quote.40.42%
SAUDI ARABIAN OIL COMPANY 0.43% 35.1 End-of-day quote.0.29%
THE GOLDMAN SACHS GROUP, INC. 0.57% 380.36 Delayed Quote.44.23%
WTI -0.05% 70.385 Delayed Quote.52.97%
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Financials
Sales 2021 1 355 B 361 B 361 B
Net income 2021 366 B 97 658 M 97 658 M
Net Debt 2021 268 B 71 557 M 71 557 M
P/E ratio 2021 19,8x
Yield 2021 4,01%
Capitalization 7 016 B 1 871 B 1 871 B
EV / Sales 2021 5,38x
EV / Sales 2022 5,00x
Nbr of Employees 79 000
Free-Float 1,76%
Chart SAUDI ARABIAN OIL COMPANY
Duration : Period :
Saudi Arabian Oil Company Technical Analysis Chart | 2222 | SA14TG012N13 | MarketScreener
Technical analysis trends SAUDI ARABIAN OIL COMPANY
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Last Close Price 35,10 SAR
Average target price 35,19 SAR
Spread / Average Target 0,25%
EPS Revisions
Managers and Directors
Amin bin Hasan Al-Nasser President, CEO & Executive Director
Khalid Hashim Al-Dabbagh Director, SVP-Finance, Strategy & Development
Yasir bin Othman Al-Rumayyan Chairman
Ahmad Abdul Rahman Al-Sa'adi Senior Vice President-Technical Services
Ziad Thamer Al-Murshed Vice President-International Operations
Sector and Competitors
1st jan.Capi. (M$)
SAUDI ARABIAN OIL COMPANY0.29%1 862 709
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PUBLIC JOINT STOCK COMPANY GAZPROM34.92%92 770
ROSNEFT OIL COMPANY32.91%71 210