VOL. XXXVII
NO. 27
4-APRIL-1994
Financial and Banking News
Regional Financing
Saudi Arabia Goes To Local Banks For First Defense Payment Loan
Saudi Arabia's decision to go to local banks, rather than an internationalsyndicate, for the $1.865bn loan to finance deferred arms payments to USsuppliers reflects the complexity of putting such a large facility in placequickly, not least at a time when analysts are asking questions about theKingdom's long-term debt strategy. The money needs to be drawn...
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