Saudi Government Secures Record $11 Billion Syndicated Loan: Bloomberg

2023-11-26 07:31:43

Al-Marsad newspaper – Agencies: Bloomberg said that the Saudi government obtained a syndicated loan worth $11 billion, equivalent to regarding 41.3 billion riyals, which is the largest government loan in the world, this year.

The agency explained that the 10-year loan was financed by regarding 18 banks, with Chinese banks pledging regarding $5 billion.

It showed that the loan interest margin amounted to 100 basis points above the overnight secured financing rate standard known as SOFR.

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