Saudi Arabian Oil Co. set final pricing for its debut Islamic bond as the company presses ahead with plans to raise $10 billion in debt, according to a person with knowledge of the matter. Aramco, as the world’s largest oil producer is known, is selling debt with a seven year tenure in a private placement at 25 basis points over the country’s interbank offered rate, the person said, asking not to be identified as the information is private. The company is seeking to raise about $2 billion in its debut sale of Islamic bonds under a 37.5 billion-riyal ($10 billion) sukuk program, people with knowledge of the matter said this month. The oil giant is selling debt ahead of an initial public offering in 2018 as the country’s finance ministry plans to cut taxation on the company, potentially raising its valuation to more than $1 trillion, according to estimates […]