Aramco Raises $5 Billion in Year’s First Dollar-Bond Sale

Saudi Aramco sold its first dollar-bond sale of 2025 on Tuesday, a $5 billion deal as the world’s biggest oil exporter looks to leverage its balance sheet.

The transaction consists of three tranches, according to a person familiar with the matter who asked not to be identified as they’re not authorized to speak publicly. The longest-dated bond, a $2.25 billion 30-year issue, will yield 1.55 percentage point more than Treasuries, the person added, compared with initial price talk of about 1.85 percentage point. Proceeds will go toward general corporate purposes.