Saudi Aramco bestows titles and ticket sizes

05 Nov 2010

Saudi Aramco, the world’s largest oil company, has issued titles and ticket size allocations for its $4bn refinancing, according to several loans bankers on the deal.

The self-arranged club deal was 50% oversubscribed, according to several loans bankers.

"There was a great deal of commitment inflation," said one banker familiar with the deal. "Some banks that wanted the title of bookrunner positioned themselves for it by committing huge tickets, confident that they would be scaled ...

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