Saudi Arabia closes $16bln syndicated loan: LPC | ZAWYA MENA Edition:
"The Kingdom of Saudi Arabia has closed an increased US$16bn syndicated loan that refinances a US$10bn facility signed in 2016, according to banking sources. The deal, which closed on March 19, comprises a US$8.35bn term loan and a US$7.65bn murabaha financing. HSBC, JP Morgan and MUFG were coordinators, bookrunners and mandated lead arrangers on the deal with Bank of China, Citibank, Credit Agricole, ICBC, Mizuho Bank, Standard Chartered and SMBC as bookrunners and mandated lead arrangers. BNP Paribas, Goldman Sachs, Societe Generale joined as mandated lead arrangers and Bank of America Merrill Lynch, Deutsche Bank and Morgan Stanley acted as lead arrangers, according to data from Thomson Reuters LPC."
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