Bloomberg:

[Will we the wretched Iranians ever learn the cost of their Quixotic anti-westernise?]

Aramco Receives Blockbuster $100 Billion Demand for Debut Bond
Javier Blas

After being shunned by Wall Street and international investors last year, Saudi Arabia made a historic comeback on Tuesday as oil giant Aramco received more than $100 billion in orders for its maiden global bond.

The bond sale, the most highly anticipated in recent memory, is set to be the largest-ever in emerging markets and one of just a handful of times that a company anywhere in the world received more than $100 billion in bids for a debt offer. It’s a clear sign of investors’ hunger for yield in a world where bonds from some developed nations -- and even companies -- have negative interest rates.

The anticipated low pricing and strong order book underscores the financial strength of the world’s largest -- and most profitable -- oil company. The yield on the Aramco bond is expected to be less than Saudi Arabia’s sovereign debt, which is highly unusual for a state-owned company.

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