Saudi Electricity Co in talks for international bond issue - sources | Reuters:
State-controlled utility Saudi Electricity Co has recently discussed with a group of international banks its plan to issue a U.S. dollar-denominated bond, sources familiar with the matter said.
The company is looking to refinance a $2.6 billion bridge syndicated loan it raised in January and was aiming to issue the debt securities already this month, depending on market conditions.
Saudi Electricity, which did not immediately respond to requests for comment, raised the bridge loan for general corporate purposes and to back its capital expenditure programme, it said in January.
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