VOL. XXXVII
NO. 45
8-AUGUST-1994
Financial and Banking News
Regional Financing
Saudi Arabia To Defer Repayments On Balance Of Payments Loan ...
Saudi Arabia is to postpone the four remaining payments due on the $4.5bnbalance of payments loan raised in May 1991. The next payment, for $900mn, wouldhave been due around 22 August, with the remaining three, for the same amount,following at quarterly intervals. Most of the lending banks have now agreed toa two-year extension, and the remaining banks are...
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