Saudi Aramco Gets $100 Billion Bond Orders
Saudi Aramco, Saudi Arabia's state-owned oil company, has received huge demand for its debut global bond with $100 billion in orders.
Aramco announced plans for its debut global bond last week after showing results which made it the most profitable company in the world.
It's part of a transparency push on behalf of Saudi Arabia as part of a will-they-won't-they over the company's plans for an initial public offering, which it shelved last year.
The bond issuance reflects the company's reluctance to go public after being shunned by investors at a Saudi event dubbed "Davos in the desert" last year, following the murder of journalist Jamal Khashoggi.