Saudi signs green ECA loan, other sovs to take note

Adobe_Saudi_Arabia_575x375_26May2020
By Mariam Meskin
27 Jul 2020

Saudi Arabia has secured its inaugural green loan backed by an export credit agency (ECA). The deal, which is the first of its kind in the region, may have a domino effect on other sovereigns in the Gulf, said bankers.

The $258m loan, which GlobalCapital first reported in May, is supported by the export credit agency (ECA) of Germany, Euler Hermes.
Crédit Agricole and HSBC were both mandated lead arrangers and original lenders, according to sources, with the French bank also acting as structuring bank and HSBC as agent ...

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