PIF Gets Terms on $10 Billion Bridge Loan
Posted on 08/27/2019
Saudi Arabia’s Public Investment Fund (PIF) received the terms of a US$ 10 billion loan. PIF is paying 30 basis points over the London Interbank Offered Rate (LIBOR) for the bridge loan. This is less than 50% of the rate of its first borrowing. The loan financing will have a 1-year tenor with an option […]
