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Saudi Aramco nears $10 bln loan deal at tight pricing - sources
March 12, 2015 / 2:52 PM / 3 years ago

Saudi Aramco nears $10 bln loan deal at tight pricing - sources

LONDON/DUBAI, March 12 (Reuters) - Saudi Aramco, the kingdom’s state oil giant, is close to completing a $10 billion tightly-priced loan, banking sources said on Thursday.

The cash replaces an existing $4 billion five-year loan due to mature later this year which Aramco uses as a back-up facility. The deal should conclude by the end of the month, said two of the sources.

Aramco did not immediately respond to a request for comment. (Reporting by Sandrine Bradley in London and David French in Dubai; Editing by Pravin Char)

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