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Aramco’s $3bn sukuk oversubscribed six times
Saudi Aramco, the world’s largest oil producer, said its $3 billion sukuk was oversubscribed by six times. The sukuk was issued in two US dollar-denominated tranches, each valued at $1.5 billion. The tranches, maturing in 2029 and 2034, carry annual profit rates of 4.25 percent and 4.75 percent, respectively, the company said in a statement. […]