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Saudia Aramco, the world's biggest oil company, has opened books for the sale of a five- and 10-year U.S. dollar Islamic bond, or sukuk, expected to price later on Wednesday, a term sheet seen by Reuters showed. Aramco, in which the Saudi government is the majority shareholder, planned to raise debt to lever its balance sheet amid weaker oil prices, Reuters reported last week, and could raise ...
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