VOL. XXXV

NO. 19

10-FEBRUARY-1992

Financial and Banking News

Regional Financing

Saudi Aramco and Vela to Raise $2.4bn: Ibn Zahr Syndication Closed

Saudi Aramco and its tanker subsidiary Vela are raising $2.4bn in twoseparate commercial bank loans. Saudi, as well as international banks, areexpected to be asked to participate in a $1.5bn loan for Aramco, which willfinance the company's current expansion program. A $900mn loan for Vela will berestricted to international banks, since Saudi banks are...