Monday, 14 March 2011

RLPC-Saudi Oger raising $2 billion syndicated loan | Reuters

Construction company Saudi Oger is raising a $2 billion syndicated loan to finance the construction of police training facilities in Saudi Arabia, banking sources said on Monday.

Deutsche Bank has been talking to banks about forming a lead group on a club-style syndication where a loan is provided by a small group of banks and lenders have been asked to contribute $200 million each, the sources said.

Saudi Oger could not be reached for comment.

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