Greensaif Pipelines tightens bond price guidance, IFR reports

Reuters/REUTERS

The price guidance for the 12-year bonds has been tightened to 175/180 basis points over U.S. Treasuries and to 195/200 bps over UST for the 18-year portion

Shamsuddin Mohd, Reuters News

July 18, 2024

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BlackRock-led investors in Saudi Aramco's gas pipeline network Greensaif Pipelines Bidco have tightened price guidance for dual-tranche amortizing bonds and expect to raise $1.25 billion from each tranche, IFR reported on Wednesday.

The price guidance for the 12-year bonds has been tightened to 175/180 basis points over U.S. Treasuries (UST) and to 195/200 bps over UST for the 18-year portion, IFR said. The tranches have weighted average lives of 10 and 14.5 years, respectively.

(Reporting by Shamsuddin Mohd Editing by David Goodman)

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