VOL. XL

No. 46

17-November-1997

SAUDI ARABIA

SPV Structure For Jumbo Loan To Saudi Arabia

The news that Saudi Arabia will indeed come to market for a jumbo sovereign loan of$4.33bn brings to an end three years of speculation as to how the Kingdom will finance itsmammoth order of US aircraft for the national flag-carrier Saudia. However the structureof the loan - which differs from the so-called War Loan, the previous jumbo taken out in1991, when the Saudi Ministry of Finance and National...