(Bloomberg) -- Saudi Arabia plans to sell more bonds and the debut dollar debt offering by state-run oil giant Aramco is "only the beginning," Energy Minister Khalid Al-Falih said.
“There will be more," he said a conference in Riyadh. "I won't tell you what and when, and it won't be bonds only.”
Aramco, the world's biggest oil exporter, raised $12 billion from international bond markets this month in in one of the most oversubscribed debt offerings in history. The demand for the debut offering was so robust it allowed the energy giant to borrow at a lower yield than its sovereign parent.
Read More: Aramco Sells $12 Billion of Bonds in Unprecedented Debut
"Aramco sooner than you think will be accessing equity markets," he said. The 2021 IPO date for the company "could slip a little bit, could come forward."
--With assistance from Vivian Nereim and Giovanni Prati.
To contact the reporters on this story: Anthony DiPaola in Dubai at adipaola@bloomberg.net;Matthew Martin in Dubai at mmartin128@bloomberg.net;Yousef Gamal El-Din in Dubai at ygamaleldin@bloomberg.net
To contact the editors responsible for this story: Shaji Mathew at shajimathew@bloomberg.net, Bruce Stanley
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