14 international financial institutions participated in the 10-year facility
Saudi Arabia secured an $11 billion syndicated loan as part of the government’s medium-term debt strategy to diversify the country’s financing resources.
The loan has a 10-year term and involves 14 international financial institutions across Asia, the Middle East, Europe, and the US, the National Debt Management Center (NDMC), said in a statement.
The installation reflects the enormous interest and confidence in Saudi Vision 2030 and the kingdom’s maximum economic resilience, the NDMC added.
The facility will be used to power infrastructure projects.
(Editing via Seban Scaria seban. scaria@lseg. com)
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