VOL. XXXVII
NO. 48
29-AUGUST-1994
Financial and Banking News
Regional
Saudi Arabia's Public Investment Fund Repays Loan On Due Date
Saudi Arabia's state-owned Public Investment Fund (PIF) repaid a $660mnfive-year loan on time at the beginning of August. Eight Saudi banks and threeregional institutions extended the loan, which had bullet repayment. It waspriced at 1/8% over Libor. When signed on 3 July 1988 the loan was the firstborrowing by a Saudi public entity in recent times. The Saudi banks...
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