Ministry of Finance Saudi Arabia

Ministry of Finance Saudi Arabia - Euler Hermes Covered Loan

Industry
Transport/Road vehicles
Area of finance
Export & Agency Finance
Country
Saudi Arabia

Deal Overview

Euler Hermes is covering loan for Ministry of Finance Saudi Arabia. The proceeds of the loan, which is the first Green ECA loan in Saudi Arabia, are being used to purchase buses from Germany for Saudi Arabia’s public transport network. The buses will help reduce the greenhouse gas emissions...

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Euler Hermes is covering loan for Ministry of Finance Saudi Arabia. The proceeds of the loan, which is the first Green ECA loan in Saudi Arabia, are being used to purchase buses from Germany for Saudi Arabia’s public transport network. The buses will help reduce the greenhouse gas emissions and air pollution as well as alleviate traffic congestion in the metropolitan Riyadh area through a shift towards public transportation. 

This transaction was structured in order to align with the Green Loan Principles.

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Deal Volume
$ 258.42m
Financial Close
23 July 2020
Sources

All Dealmakers

Simon Lee

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Imad Urf

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Nibras Hadi

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Guido Berning

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