Saudi Aramco is issuing bonds for the first time this year to raise $4 billion.

The world's largest oil producer Saudi Aramco priced a $4 billion bond issuance, marking its first bond issuance of the year. The company is increasing its borrowing to ensure funds for investments and dividend payments. The four bonds issued have maturity periods ranging from 3 years to 30 years; the longest term bond has a coupon rate 1.3 percentage points higher than the yield on US Treasuries, but about 0.25 percentage points lower than initially discussed. It is reported that the peak subscription size for this bond issuance exceeded $22 billion, with final orders totaling over $14 billion.