March 9, 2020 / 8:58 AM / a month ago

Saudi Arabia, oil giant Aramco bonds plunge as oil dives

DUBAI, March 9 (Reuters) - International bonds issued by Saudi Arabia and its oil giant Saudi Aramco plunged on Monday as oil prices plummeted, Refinitiv data showed.

Saudi Aramco bonds due in 2049 were down over 8 cents and the oil giant’s bonds due in 2029 were 4.5 cents lower.

Saudi government bonds due in 2049 dropped by more than 9 cents, while bonds due in 2029 dropped 3.5 cents. (Reporting by Davide Barbuscia and Yousef Saba; Editing by Alexander Smith)

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