Aramco Raises $4 Billion in First Bond Sale of Year

Saudi Aramco priced a $4 billion bond sale, its first note sale this year, as the world’s largest oil producer steps up borrowing to fund investment and dividends.

The government-owned oil producer sold four bonds maturing in three to 30 years, according to a person familiar with the matter. The longest portion of the deal will pay 1.3 percentage point above Treasuries, said the person, who asked not to be identified because they are not authorized to speak publicly. That’s roughly a quarter-point less than initial pricing discussions.