VOL. XXX
NO. 26
6-April-1987
SAUDI ARABIA
$1.5bn Bridging Loan Envisaged to Help Finance Tornado Aircraft Deal
MEES understands that with the backing of Saudi Arabia, British Aerospace isarranging for a major bridging loan of around $1.5bn to offset behind schedulepayments by Saudi Arabia for the Tornado aircraft deal, which is being financedby deliveries of Saudi oil. The payment shortfall is a result of lower thananticipated oil prices as well as some slowdown in oil Siftings during the first...
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