Saudi wealth fund in talks to raise up to $8 bln bridge loan – DUBAI, April 14 (Reuters) – Saudi Arabia’sPublic Investment Fund (PIF) is in talks with banks to raise a short-term bridge loan for as much as $8 billion to use for new investments, two sources said..
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Bridge loan – Wikipedia – A bridge loan is a type of short-term loan, typically taken out for a period of 2 weeks to 3 years pending the arrangement of larger or longer-term financing. It is usually called a bridging loan in the United Kingdom, also known as a "caveat loan," and also known in some applications as a swing loan.
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