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Israeli National Security Minister Storms into Jerusalem Holy Site

TOPSHOT - A cat walks near of the Dome of the Rock mosque inside the Al-Aqsa Mosque compound in Jerusalem, on July 15, 2024. (Photo by RONALDO SCHEMIDT / AFP)
TOPSHOT - A cat walks near of the Dome of the Rock mosque inside the Al-Aqsa Mosque compound in Jerusalem, on July 15, 2024. (Photo by RONALDO SCHEMIDT / AFP)
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Israeli National Security Minister Storms into Jerusalem Holy Site

TOPSHOT - A cat walks near of the Dome of the Rock mosque inside the Al-Aqsa Mosque compound in Jerusalem, on July 15, 2024. (Photo by RONALDO SCHEMIDT / AFP)
TOPSHOT - A cat walks near of the Dome of the Rock mosque inside the Al-Aqsa Mosque compound in Jerusalem, on July 15, 2024. (Photo by RONALDO SCHEMIDT / AFP)

Israel’s far-right national security minister stormed into Jerusalem’s most sensitive holy site on Thursday morning, threatening to disrupt Gaza cease fire talks.
The Palestinian WAFA news agency quoted witnesses as saying that Israeli minister Itamar Ben-Gvir stormed into the Jerusalem hilltop compound of al Aqsa Mosque accompanied by Israeli police.
It’s a third time for Ben-Gvir to storm into Al Aqsa after two similar encounters on July 27 2023, and May 22 2023.
The move by Itamar Ben-Gvir threatens to disrupt sensitive talks aimed at reaching a cease fire in the 9-month-old Israel-Hamas war.

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Saudi Aramco Announces Completion of $6 Billion Bond Issuance

FILE PHOTO: The Saudi Aramco logo is pictured at Hyvolution exhibition in Paris, France, February 1, 2024. REUTERS/Benoit Tessier/File Photo
FILE PHOTO: The Saudi Aramco logo is pictured at Hyvolution exhibition in Paris, France, February 1, 2024. REUTERS/Benoit Tessier/File Photo
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Saudi Aramco Announces Completion of $6 Billion Bond Issuance

FILE PHOTO: The Saudi Aramco logo is pictured at Hyvolution exhibition in Paris, France, February 1, 2024. REUTERS/Benoit Tessier/File Photo
FILE PHOTO: The Saudi Aramco logo is pictured at Hyvolution exhibition in Paris, France, February 1, 2024. REUTERS/Benoit Tessier/File Photo

Saudi Aramco announced on Thursday that it has completed a bond issuance of $6 billion.

The issuance is comprised of three tranches of USD-denominated senior unsecured notes under Aramco’s Global Medium Term Note Program (GMTN), Aramco said in a statement.

According to the statement, the tranches include $2 billion senior notes maturing in 2034 with a coupon rate of 5.250%, $2 billion senior notes maturing in 2054 with a coupon rate of 5.750%, and $2 billion senior notes maturing in 2064 with a coupon rate of 5.875%.

The transaction, said the statement, was priced on July 10, and the notes are listed on the London Stock Exchange.

The offering was more than six times oversubscribed, based on the initial targeted size of $5 billion.

The transaction received strong demand from a diverse base of investment-grade focused institutional investors. All three tranches were favorably priced with a negative new issue premium, reflecting Aramco’s strong credit profile.

“We are pleased with the strong interest and level of engagement from investors globally, both existing and new,” said Executive Vice President of Finance & CFO Ziad Al-Murshed.

“Our order book exceeded $33 billion at its peak, reflecting Aramco’s exceptional financial resilience and fortress balance sheet. Achieving a negative issue premium across all tranches is a testament to our unique credit proposition,” he said.

“We have consistently demonstrated our financial discipline while delivering on shareholder value and business growth, and we aim to maintain a strong investment-grade credit rating across business cycles,” Al-Murshed added.