Powered by

Report: Goldman Sachs added as bookrunner for planned Aramco bonds

Feb 28, 2019 - SNL Energy Finance Daily

Saudi Arabian Oil Co., or Saudi Aramco, has added U.S. investment bank Goldman Sachs Group Inc. as a bookrunner for a planned bond meant to finance the state-owned oil giant's purchase of a stake in Saudi Basic Industries Corp., Reuters reported Feb. 27 citing two sources familiar with the matter.

The sources told Reuters the investment bank flew out a team of senior executives, which included Dina Powell, a veteran of the Trump administration, to pitch for the deal.

The oil giant pl...