Ticker	Volume	Price	Price Delta
DJIA	15,303.10	+8.60	0.06%
S&P 500	1,649.60	-0.91	-0.06%
Nasdaq	3,459.14	-0.27	-0.01%

Ticker

Volume

Price

Price Delta

DJIA

15,303.10

+8.60

0.06%

S&P 500

1,649.60

-0.91

-0.06%

Nasdaq

3,459.14

-0.27

-0.01%

Ticker	Volume	Price	Price Delta
STOXX 50	2,764.29	-12.49	-0.45%
FTSE 100	6,654.34	-42.45	-0.63%
DAX	8,305.32	-46.66	-0.56%

Ticker

Volume

Price

Price Delta

STOXX 50

2,764.29

-12.49

-0.45%

FTSE 100

6,654.34

-42.45

-0.63%

DAX

8,305.32

-46.66

-0.56%

Ticker	Volume	Price	Price Delta
Nikkei	14,612.50	+128.47	0.89%
Hang Seng	22,618.70	-51.01	-0.23%
S&P/ASX 200	4,983.50	-78.95	-1.56%

Ticker

Volume

Price

Price Delta

Nikkei

14,612.50

+128.47

0.89%

Hang Seng

22,618.70

-51.01

-0.23%

S&P/ASX 200

4,983.50

-78.95

-1.56%

Saudi Electricity Gets $1.4 Billion Loan for Rabigh Plant

By Glen Carey - 2012-03-31T09:29:16Z

Saudi Electricity Co. (SECO), the kingdom’s largest power producer, received a $1.4 billion loan that is guaranteed by the Export-Import Bank of Korea and the Korean Trade Insurance Corp.

The 15-year loan will be paid in bi-annual installments after a three-year grace period, the Riyadh-based utility said in a statement on the Saudi bourse website today. The loan will be used for the construction of a power station in Rabigh on the Red Sea coast, the company said.

The Arab world’s largest economy needs an additional 2,000 megawatts of electricity a year to meet demand the government forecasts will rise by 7 percent a year, according to Saudi Electricity data.

HSBC Holdings Plc, Bank of Tokyo-Mitsubishi UFJ Ltd, Sumitomo Mitsui Banking Corp., and Mizuho Corporate Bank were among the banks that participated in the financing, the utility said in the statement. The Export-Import Bank of Korea also provided financing for the loan, the company said.

To contact the reporter on this story: Glen Carey in Riyadh at gcarey8@bloomberg.net

To contact the editor responsible for this story: Ben Holland at bholland1@bloomberg.net

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