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Saudi PIF secures record-breaking $17bn seven-year senior unsecured term loan

RIYADH: Saudi Arabia’s Public Investment Fund has announced that it has secured a new $17 billion seven-year senior unsecured term loan, according to a statement. The loan is the largest-of-its-kind general corporate purpose loan worldwide and was twice oversubscribed. The new loan falls in line with the sovereign wealth fund’s strategy of diversifying its funding sources in ....

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