8 days ago • Posted by Martin Boujol
Saudi Aramco to issue dollar-denominated bonds to finance dividends payout
The world's biggest energy company started marketing its dollar denominated bonds. They will issue bonds due in three, five and 10 years, but we do not have much more details. The goal of these bonds is to finance the $75 billion in dividends that the company was planning to pay. With oil at the highest since October 2018, their profits soared but their free cash flow was still short of $18.75 billion to pay the promised dividends.
Source: Bloomberg, Saudi Aramco