DEBT SPREE
Aramco raises $5B on London bond market amid oil price slide
The record borrowing should enable the state-owned oil company to generate funds that drive the kingdom's economic diversification campaign
AYEZ NURELDINE/AFP via Getty Images
Aramco tower in Riyadh's King Abdullah Financial District
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Saudi Aramco is going to the debt market again amid a slide in oil prices that has chopped the cost of the industry’s benchmark Brent crude almost in half over the past three years.Aramco, the world’s largest oil company, said on...