A banking document seen by Reuters showed that the EIG consortium, which acquired a stake in Saudi Aramco’s pipeline network last year, raised $ 2.5 billion from the bond sale. in two tranches.
Final spreads remained unchanged from indicative prices in How much the operation attracted orders of approximately five billion dollars.
And a bank document had shown in previously, which the group seeks through EIG Pearl to raise between $ 3.5 billion and $ 4.4 billion.
The paper showed that the starting target price is about 185 basis points above US Treasury bills for the 14 1/2 to 15 year segment and about 235 points for government bonds with a maturity of between 14 and 15 years. 24 and a half to 25 years.
EIG Pearl Holdings, owned by a group of investors led by EIG Global Energy Partners, the company that acquired a 49% stake in Aramco’s pipeline network, has hired Citibank and JPMorgan to organize the bond issue. in dollars.
The issue comes with the aim of partially refinancing the $ 10.8 billion line of credit that was used to finance EIG Global Energy Partners’ purchase of a 49% stake in Aramco’s pipeline network. last June.
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