April 10, 2019 / 7:39 AM / 4 months ago

Aramco's new bonds inch up in early trade - sources

DUBAI, April 10 (Reuters) - Saudi Aramco's newly issued dollar-denominated bonds inched up on Wednesday, with longer-dated paper outperforming, sources familiar with the matter said.

The company on Tuesday issued $12 billion worth of paper, disappointing much of the over $100 billion in demand.

Of the five tranches, the $3 billion 30-year bonds were the best performers, up by slightly over 1 cent, the sources said, while shorter-dated paper made more modest gains.

The sources said there would be a clearer picture of the bonds' performance once markets in London and New York open later on Wednesday. (Reporting by Davide Barbuscia; Editing by Kirsten Donovan)

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