Logo ofBanque Saudi Fransi -BSF
Banque Saudi Fransi (BSF) is seeking a $750 million loan (about SAR 2.81 billion), targeting banks in Asia, with a five-year syndicated facility that carries an accordion feature, Bloomberg reported.
The loan pays an interest margin of 95 basis points over the benchmark Secured Overnight Financing Rate, with proceeds for general corporate purposes.
Banque Saudi Fransi (BSF) is seeking a $750 million (SAR 2.81 billion) loan, targeting banks in Asia as it looks to diversify fundraising beyond its domestic market, according to Bloomberg citing sources familiar with the matter.
The five-year syndicated facility carries a so-called accordion feature, which allows the borrower to upsize the deal post-signing, said the sources.
Mizuho Bank Ltd. and Sumitomo Mitsui Banking Corp are the mandated lead arrangers and bookrunners for the deal, they added.
Logo ofBanque Saudi Fransi -BSF
Banque Saudi Fransi (BSF) is seeking a $750 million loan (about SAR 2.81 billion), targeting banks in Asia, with a five-year syndicated facility that carries an accordion feature, Bloomberg reported.
The loan pays an interest margin of 95 basis points over the benchmark Secured Overnight Financing Rate, with proceeds for general corporate purposes.
Banque Saudi Fransi (BSF) is seeking a $750 million (SAR 2.81 billion) loan, targeting banks in Asia as it looks to diversify fundraising beyond its domestic market, according to Bloomberg citing sources familiar with the matter.
The five-year syndicated facility carries a so-called accordion feature, which allows the borrower to upsize the deal post-signing, said the sources.
Mizuho Bank Ltd. and Sumitomo Mitsui Banking Corp are the mandated lead arrangers and bookrunners for the deal, they added.
