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Saudi Fransi seeks $300m in loan
- Saudi Arabia: Saturday, August 09 - 2008 at 08:49
Banque Saudi Fransi has launched syndication of a $300m loan through Calyon, Intesa Sanpaolo, RZB, SMBC and WestLB, Reuters has reported. The loan which will be used for general corporate purposes is split between a three-year tranche, with A paying a margin of 70 basis points (bps) over LIBOR and a five-year tranche B that pays 100 bps.
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Medilyn Manibo, Assistant News EditorSaturday, August 09 - 2008 at 08:49 UAE local time (GMT+4)
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