VOL. XXXII
NO. 40
10-JULY-1989
Financial and Banking News
LOANS AND ISSUES
Saudi Banks Arrange $660mn Loan for PIF
The state-owned Public Investment Fund (PIF) of Saudi Arabia on 4 July signeda $660mn five-year syndicated loan with a group of mainly Saudi banks leadmanaged by National Commercial Bank (NCB) Riyadh. The loan is at 1/8 over sixmonth Libor, with the funds available to PIF three months after signature and aone-year grace period on the principal. The loan agreement was signed onbehalf of...
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