Saudi Arabia's Public Investment Fund has begun preliminary talks with banks on a possible $8 billion bridge loan
RIYADH—Saudi Arabia’s sovereign-wealth fund is planning to tap the debt market for billions of dollars it needs for investments to help deliver Crown Prince Mohammed bin Salman’s ambitious economic overhaul, after its national oil company drew huge demand for its debut bond.
The Public Investment Fund, or PIF, is considering raising debt this year as part of a number of funding options that could also include a syndicated bank loan, Saudi Finance Minister Mohammed al-Jadaan told The Wall Street Journal on Thursday.
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