$1 Billion Cross-Border Financing for Saudi Electricity Company

In a landmark cross-border financing, SMBC successfully executed a USD $1 billion syndicated term loan for Saudi Electricity Company (SEC). The transaction was solely coordinated and underwritten by SMBC, which led the structuring, documentation, execution, and syndication - delivering a seamless and efficient process from start to finish. 

The financing was significantly oversubscribed, drawing participation from 22 leading Asian lenders. This enabled SEC to diversify its funding sources, broaden its investor base, and strengthen its presence in Asian financial markets. 

This transaction underscores SMBC’s role as a trusted partner to leading Middle Eastern corporates and a market leader in cross-border syndicated lending between Asia and the Middle East.