DHAHRAN—Saudi Aramco on Tuesday announced the successful completion of a $4 billion bond issuance across four tranches under the Global Medium Term Notes Program.
The tranche includes $500 million of senior notes due in 2029 with a coupon rate of 4%. The $1.5 billion senior notes mature in 2031 and carry a coupon rate of 4.375%. The $1.25 billion senior notes mature in 2036 and carry a coupon rate of 5%. The $750 million senior notes mature in 2056 and carry a coupon rate of 6%. The transaction was priced on January 26, 2026, and the notes were listed on the London Stock Exchange.
The bond issuance by Aramco, one of the world’s leading integrated energy and chemical companies, underscores the company’s strategic approach to capital structure optimization that aligns financial discipline with long-term value creation for shareholders. Attractive pricing with negative new issue premiums on three of the tranches highlights Aramco’s excellent credit quality.
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Ziad Al Murshed, Aramco’s Executive Vice President and Chief Financial Officer, said the issuance is part of Aramco’s focused strategy to further optimize its capital structure and enhance shareholder value creation. “The attractive pricing achieved for this transaction reflects the continued confidence of global investors in Aramco’s financial strength and strong balance sheet. We remain resolute in maintaining disciplined capital management and delivering long-term value to our shareholders,” he added.
