Saudi Electricity Co taps loan market for $1.75bn

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By Bianca Boorer
16 Aug 2017

Saudi Electricity Co (SEC), the largest utility company in the Middle East and North Africa, signed its largest international syndicated loan of $1.75bn on Wednesday with eight banks.

MUFG, SMBC, Mizuho, HSBC, Standard Chartered, Natixis, Citi and First Abu Dhabi Bank are on the deal. The bullet facility has a tenor of five years.

In June last year the company borrowed $1.5bn from ICBC, one of the largest ever loans given by ...

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