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)