Saudi Arabia's PIF signs $15 billion loan
Saudi Arabia's sovereign wealth fund, the Public Investment Fund, said on Wednesday it has signed a $15 billion multi-currency revolving credit facility with a group of 17 banks, which it said gives it access to extra capital that can be deployed quickly when needed.
Reuters reported last month that PIF could raise between $13
billion and $15 billion, according to one source. Sources said the one-year
facility could be renewed four times.
Comments
Post a Comment