Saudi Electricity secures $2.6bln syndicated bridge loan | ZAWYA MENA Edition:
"State-controlled utility Saudi Electricity Co said on Thursday it had signed a $2.6 billion bridge syndicated loan.
The unsecured debt facility, with a one-year maturity, will be used for general corporate purposes and to back the company's capital expenditure programme.
Saudi Electricity raised the facility with a group of eight international banks including Citibank, Bank of Tokyo-Mitsubishi UFJ, First Abu Dhabi Bank, HSBC, Mizuho Bank, Natixis, Sumitomo Mitsui Banking Corporation and Standard Chartered Bank. "
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