DUBAI: A group of institutional investors that last year took a stake in Saudi Aramco’s oil pipelines network sold $2.5 billion in dual-tranche amortising bonds on Thursday, significantly below the amount sought, a bank document showed, according to Reuters.

Amid turbulent debt markets, final spreads were unchanged from initial guidance, with the deal drawing around $5 billion in orders, according to the document.

A separate bank document had shown that the investors, via EIG Pearl Holdings, were seeking to raise $3.5-4.4 billion.