PIF in talks to get $3.1B in loan guarantees: Report

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Saudi Public Investment Fund (PIF) is in talks with Italy’s Export Credit Agency (SACE) to obtain $3.1 billion worth of loan guarantees, Bloomberg reported, citing informed sources.

 

The sources added that if the deal goes through, SACE will be providing guarantees to a consortium of international banks, which will then be responsible for lending PIF.

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