The deal was priced at 210 basis points over the London interbank offered rate (Libor) when it went into senior syndication, among a small group of banks, in October (MEED 14:11:08).
The pricing is expected to increase over the next few weeks to attract interest from more banks.
The government-linked investment fund has had to reduce the size of the deal, from an original plan of raising Eur1.7bn.
The deal is being arranged by the UK’s Royal Bank of Scotland, Germany’s WestLB and Japan’s Sumitomo Mitsui Banking Corporation.
You might also like...
TotalEnergies to acquire remaining 50% SapuraOMV stake
26 April 2024
Hyundai E&C breaks ground on Jafurah gas project
26 April 2024
Abu Dhabi signs air taxi deals
26 April 2024
Spanish developer to invest in Saudi housing
26 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.