Aramco has won about $60bn of orders for its closely watched debut bond sale, far outstripping the $10bn targeted by the Saudi oil giant, as investors appeared to shrug off its ambitious pricing and early concerns about government influence over the state-backed company.

The bonds have attracted more support among traditional debt investors, who could compare it to other investment-grade oil companies, than it has among specialist emerging-markets funds, which may already own Saudi government debt, according to potential investors and people familiar with the matter.