DUBAI, April 5 Saudi Aramco has raised 11.25
billion riyals ($3.00 billion) in its debut sukuk issuance,
sources familiar with the matter said on Wednesday.
The Islamic bond, part of a 37.5 billion riyal programme, is
the oil giant's first fundraising exercise aimed at diversifying
its revenues, impacted by low international oil prices.
The floating rate local currency sukuk has a seven-year
maturity and offers 25 basis points over the six-month Saudi
Arabian Interbank Offered Rate (SAIBOR).
The sources declined to be identified because details of the
deal are not public
($1 = 3.7502 riyals)
(Reporting by Davide Barbuscia)