VOL. XXXIV
NO. 52
30-SEPTEMBER-1991
Financial and Banking News
Regional Financing
Aramco Seeks $1.5bn from International Banks
Saudi Aramco's long expected Jumbo loan has broken the surface with thenews that J.P. Morgan is finalizing terms on a $1.5bn facility which will beinternationally syndicated. Interest in the deal is focusing on whether themoney will actually be used by Saudi Aramco specifically, or whether it will beused to cover Saudi Arabia's general balance of payments needs.
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