Global Markets

Saudi Aramco seeks cheap loans ahead of stock listing

Saudi Aramco is trying to secure at least $5-6 billion in cheap loans before its stock listing.
By Staff reporter 10 January 2018 0 29044

Saudi Aramco is trying to secure at least $5-6 billion in cheap loans before its stock listing, banking and export credit agency sources have told Reuters. Citigroup, Standard Chartered and Sumitomo Mitsui Banking Corp. advised on the transactions.

The move can be seen as a bid to ensure the listing takes place in 2018 as planned, despite market speculation that it will be pushed back to 2019.