July 17 (Reuters) - BlackRock ( BLK )-led investors in
Saudi Aramco's gas pipeline network Greensaif
Pipelines Bidco have tightened price guidance for dual-tranche
amortizing bonds and expect to raise $1.25 billion from each
tranche, IFR reported on Wednesday.
The price guidance for the 12-year bonds has been tightened
to 175/180 basis points over U.S. Treasuries (UST) and to
195/200 bps over UST for the 18-year portion, IFR said. The
tranches have weighted average lives of 10 and 14.5 years,
respectively.