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Thursday, 3 August 2017

Exclusive: Goldman Sachs buys into Aramco $10 billion loan as it seeks IPO role - sources

Exclusive: Goldman Sachs buys into Aramco $10 billion loan as it seeks IPO role - sources:

"Goldman Sachs (GS.N) has bought a slice of Saudi Aramco's IPO-ARMO.SE $10 billion credit facility as it seeks a role in the historic listing of the oil company, sources familiar with the matter told Reuters.

It is common practice in capital markets to first establish banking relationships through loan transactions which are then followed by other deals.

Goldman purchased a portion of the $10 billion revolving credit facility Aramco signed with a number of banks in 2015. Two of the sources said Goldman purchased several million dollars in the secondary market from Australia and New Zealand Banking Group (ANZ.AX)."



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