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IC - Saudi wealth fund considering bonds, but in no hurry - May 2019
Inspired by Saudi Aramco’s more than 8x oversubscribed, $12 billion bond sale a few weeks ago, Saudi Arabia’s sovereign wealth fund is looking at raising money the same way or through a syndicated bank loan. The Public Investment Fund may tap the global debt market for the billions it will need to invest in businesses that will diversify and overhaul the Saudi economy, per Crown Prince Mohammed bin Salman’s ambitious Vision 2030 plan. PIF is in the early stages of discussion on a possible bridge loan for......
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