Exclusive: Saudi Arabia's Ma'aden asks banks to refinance nearly $3 billion of debt - sources:
"Saudi Arabian Mining Co (Ma’aden) 1211.SE, the Gulf’s largest mining company, has asked banks to submit proposals for a loan which would refinance some $2.88 billion of existing debt, sources familiar with the matter said on Wednesday.
It sent a request for proposals to banks last week and the banks have until the end of September to respond, the sources said.
The facility would be the largest corporate loan out of Saudi Arabia since 2015, according to Thomson Reuters data."
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