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.

There is no...