Government Extends No Support To Aramco’s Planned Bond

By John F. Heerdink, Jr.
Saudi Aramco, officially the Saudi Arabian Oil Company, is a Saudi Arabian national petroleum and natural gas company based in Dhahran, Saudi Arabia. It is the world’s most profitable company according to accounts seen by Bloomberg News and one of the largest companies in the world by revenue. However and surprisingly, Reuters confirmed by the company’s prospectus that Aramco’s planned bond issuance will receive no government support even with the expressed financial health of Aramco. Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. Stay Informed! Stay Competitive! Join us at Vista Partners! It’s FREE to receive email updates.

Aramco’s planned bond issue is not guaranteed by the government – prospectus

Saudi Aramco’s debut international bonds have no guarantee from the Saudi government, the company said in the bond prospectus. “In addition, the Government is under no obligation to extend financial …..
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