Aramco announces completion of $5 billion bond issuance

The pricing achieved across all three tranches underscores Aramco’s exceptional credit strength

Aramco, one of the world’s leading integrated energy and chemicals companies, announced that it has successfully completed a $5 billion issuance of bonds across three tranches under its Global Medium Term Note Program.

The tranches include:

$1.5 billion senior notes maturing in 2030 with a coupon rate of 4.750%;

$1.25 billion senior notes maturing in 2035 with a coupon rate of 5.375%; and

$2.25 billion senior notes maturing in 2055 with a coupon rate of 6.375%.

The transaction was priced on May 27, 2025, and the notes were listed on the London Stock Exchange.

Ziad T. Al-Murshed, Aramco’s Executive Vice President of Finance & CFO, said: “The strong demand for our new bond offering, as reflected in the diversified orderbook, is a testament to global investors’ confidence in Aramco’s financial resilience and robust balance sheet. Pricing the offering with no new issuance premium across all tranches clearly reflects Aramco’s unique long-term credit proposition. We remain committed to our disciplined approach towards capital management as we continue to execute our growth strategy.”