KSA’s PIF secures USD 3 bn syndicated loan to finance Korean imports
The lenders will initially disperse USD 3 bn, while the loan size can increase to USD 5 bn
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The lenders will initially disperse USD 3 bn, while the loan size can increase to USD 5 bn
The scheme will help boost trade finance in Africa and support sectors like transport and manufacturing
The consortium could ink the final agreements for the loan within days
The facility is split between transactional and investment banking products, including working capital, trade finance and debt financing
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