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Saudi Aramco hints at future yuan bonds in potential coup for China

World's largest oil company opens door to shift from dollar as Asia demand grows

Saudi Aramco raised $8 billion on Nov. 17 in its first foreign-currency bond offering since 2019.   © Reuters

DUBAI -- Saudi Aramco, Saudi Arabia's state-controlled oil company, has raised the possibility of floating yuan-denominated bonds, a move that would mark a significant departure in a traditionally dollar-dominated industry.

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