VOL. XLII

No 21

24-May-1999

SAUDI ARABIA

International Consortium Signs $300Mn Syndicated Sadaf Loan

On 15 May a consortium of regional and international bankssigned in Bahrain a $300mn syndicated loan facility for SABICs subsidiarySaudi Petrochemical Company (Sadaf). The loan carries an all-in yield of around1% and a typical SABIC tenor of 8.5 years. Eight co-arrangers joined theoriginal five-bank strong lead-arranger group with an average participation ofaround $20mn without taking the facility...