SNB seeks to raise $1B syndicated loan: Report

Group 1 - Saudi National Bank (SNB) is seeking to secure a $1 billion syndicated loan [2] - DBS Bank and Mitsubishi UFJ Financial Group are acting as lead arrangers and bookrunners for the five-year loan [3] - The loan facility is being marketed to global banks, including lenders from Asia [4] Group 2 - SNB offered an interest margin of 90 basis points over the secured overnight financing rate [5]