VOL. XLIII
No. 47
20-November-2000
SAUDI ARABIA
STC Mandates Four-Bank Consortium To Lead Arrange $667Mn Syndicated Loan
Saudi Telecommunications Company (STC) last week mandated Arab National Bank, Saudi British Bank, Riyad Bank and Arab Bank Plc (OBU) to lead-arrange a SR2.5bn ($666.7mn) syndicated loan facility mainly for capital expenditure projects. Bankers close to the deal refused to comment on the exact pricing, but described it as competitive. MEES understands, however, that the 4.25 year...
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