VOL. XLI

No. 30

27-July-1998

SAUDI ARABIA

Saudi Aramco Seeking Syndicate Loan

Saudi Aramco is seeking to raise $2bn in syndicate finance and JP Morgan and DeutscheBank are to lead arrange the two-stage facility, MEES soundings indicate. Thefour-year term loan will be priced at 30bps over Libor for the first and second year andthen 32.5bps for the third and fourth year with a three-year grace period. The loan is tobe used for capital expenditure and will complement Aramco's existing $2bn...