2023-11-26 07:31:43
Al-Marsad newspaper – Agencies: Bloomberg said that the Saudi government obtained a syndicated loan worth $11 billion, equivalent to about 41.3 billion riyals, which is the largest government loan in the world, this year.
The agency explained that the 10-year loan was financed by about 18 banks, with Chinese banks pledging about $5 billion.
It showed that the loan interest margin amounted to 100 basis points above the overnight secured financing rate standard known as SOFR.
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