VOL. XXXV
NO. 29
20-APRIL-1992
Financial and Banking News
Regional Financing
Latest Saudi Borrowing Develops Kingdom's Debt Strategy, but Some BankersAre Unhappy
The Saudi Ministry of Finance and National Economy is to raise SR10bn($2.7bn) from five local banks to fund its cash payment for military equipmentunder the al-Yamamah defense deal (MEES, 13 April). The loan will be drawn in aseries of tranches on a fortnightly basis. The first tranche was drawn around 13April. The loan is priced at 25 bp...
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