Saudi Arabia is set to raise a $10bn international bank loan, its first since 1991. The five-year loan will be lead-managed by Bank of Tokyo-Mitsubishi, HSBC and JP Morgan and is expected to be finalized by the end of April, Bloomberg reports. Initially Saudi Arabia was said to be looking to borrow $6-8bn, but the Ministry of Finance raised the amount to $10bn after encountering strong demand for new sovereign debt from US, EU, Japanese and Chinese banks.

Fitch Ratings says the loan plan...