A $650 million syndicated loan for Banque Saudi Fransi (BSF) was signed on 21 June. The five-year borrowing, priced at 35 basis points, was upsized from $500 million due to heavy oversubscription. Calyon, Citigroup, Deutsche Bank, Gulf International Bankand Sumitomo-Mitsui Banking Corporationacted as mandated lead arrangers (MLAs), with ING Bankand Standard Chartered Bankalso coming in at that level. Thirty banks participated in the deal, which is among a recent rush of borrowings by the kingdom’s banks (MEED 6:5:05).