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...
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