Tag: HSBC
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Saudi Aramco picks HSBC, Japan’s SMBC for $10 billion loan
(Reuters) — Saudi Aramco has chosen HSBC and Japan’s Sumitomo Mitsui Banking Corporation (SMBC) to coordinate talks with other banks for a loan of about $10 billion the oil giant plans to seek, two sources close to the matter said. The financing would help the company to back its acquisition of a 70% stake in…