TRSDC closes $3.76bn term loan facility and revolving credit facility with Saudi banks ...United Arab Emirates

ME CONSTRUCTION NEWS - Local News
source : ME CONSTRUCTION NEWS ( United Arab Emirates ) () 11
The Red Sea Development Company (TRSDC) has announced that it has closed a $3.76 billion term loan facility and revolving credit facility with four Saudi banks. Banque Saudi Fransi, Riyad Bank, Saudi British Bank and Saudi National Bank acted as Mandated Lead Arrangers. HSBC served as Green Loan Coordinator on the transaction, a statement from TRSDC said. Green Financing accreditation was awarded due to TRSDC’s market leading approach to social and environmental sustainability and the Red Sea Project’s international recognition as a green project. The financing is the first Riyal-denominated credit facility to receive Green Financing accreditation. “The scale of this project is unmatched any

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