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...
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