Saudi Aramco gives initial price guidance for four-tranche bonds, IFR reports

BANGALORE, Jan 26 (Reuters) - Saudi Aramco has offered indicative pricing for four-tranche dollar–denominated bonds, fixed income news service IFR reported on Monday.

The indicative price for the three-year debt sale has been set at around 100 basis points over U.S. Treasuries, the five-year comes with an initial price of around 115 bps over the same benchmark, while 10-year and 30-year bonds were initially priced at around 125 bps and 165 bps respectively, IFR said.

Citi, Goldman Sachs International, HSBC, J.P. Morgan and Morgan Stanley are active bookrunners, while Abu Dhabi Commercial Bank, Bank of China, BofA Securities, BSF Capital, Emirates NBD Capital, First Abu Dhabi Bank ("FAB"), Mizuho, MUFG, NATIXIS, Riyad Capital, SMBC and Standard Chartered Bank are passive bookrunners for the debt sale.

The bonds are expected to launch on Monday.