Aramco turns to bonds to help fund USD 75bn dividend

The world's biggest oil company is now planning to issue corporate bonds worth a total of USD 75 billion in order to pay out its shareholder dividends after it took a loan of USD 10 billion earlier this year to shore up funding.

Photo: Maxim Shemetov/Reuters/Ritzau Scanpix

By Matthew Martin and Ken McCallum, Bloomberg News

Saudi Aramco, the world’s biggest oil company, is set to return to the bond markets for the first time since April of last year as it seeks to fund a USD 75 billion dividend commitment.

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