From The Wall Street Journal:
Saudi Arabia is looking to borrow up to $8 billion from international banks and also could issue foreign bonds, said people familiar with the matter, to plug the kingdom’s widening fiscal deficit from cheap oil.
Saudi Arabia’s Ministry of Finance has asked foreign banks to submit proposals for the loan, which would be between $6 billion and $8 billion in size, two bankers who have seen the request told The Wall Street Journal. The ministry is expected to choose lenders within the next two weeks, one of the bankers said.
