SYDNEY: Saudi Aramco has set the initial price guidance for 5- and 10-year dollar sukuk bonds, according to a term sheet reviewed by Reuters on Wednesday.
The mainly state-owned oil company is aiming to raise up to $3 billion in the deal, Reuters reported on Tuesday.
The 5-year bond has price guidance of Treasuries plus around 120 basis points and the 10-year bond has Treasuries plus about 135 basis points, according to the term sheet.
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