July 9 (Reuters) - Energy giant Saudi Aramco
made its return to the debt market on Tuesday after a three-year
hiatus, mandating banks for 10-, 30- and 40-year senior
unsecured tranche debt sales, a document from one of the lenders
showed.
The banks will arrange investor calls on Tuesday for the
potential sale of benchmark-sized notes, according to the
document, which did not disclose the size of the issuance.
Gulf companies and governments have rushed to tap debt
markets since the start of the year to take advantage of recent
falls in global interest rates, with oil-rich Saudi Arabia
issuing $12 billion of dollar-denominated bonds in January.
Aramco, which had last tapped global debt markets in 2021,
when it raised $6 billion from a three-tranche sukuk or Islamic
bond, flagged in February it was likely to issue a bond this
year.
The Saudi government also raised $11.2 billion from a 0.64%
stake sale in Aramco last month, which could boost the country's
funding and its aim of shifting the economy away from oil under
a plan called "Vision 2030".
Citi, Goldman Sachs International, HSBC ( HSBC )
, JP Morgan Chase, Morgan Stanley ( MS ) and SNB
Capital have been appointed as joint active
bookrunners for the three-part bond.
Abu Dhabi Commercial Bank, BofA Securities, the Bank of
China, Emirates NBD, First Abu Dhabi Bank, GIB Capital and
Mizuho are among the bank that are acting as joint passive
bookrunners.