Goldman Sachs has bought in the secondary market part of Saudi Aramco’s US$10-billion revolving credit facility as the U.S. investment bank vies for a role in what would be the world’s biggest IPO when the Saudis list 5 percent of their oil giant next year, Reuters reported on Thursday, quoting sources familiar with the deal. Goldman Sachs is said to be following the common market practice of establishing relations with a company via a loan transaction, before entering in other deals. According to two of Reuters’ sources, Goldman Sachs bought several million dollars of Aramco’s US$10-billion revolving credit facility from Australia and New Zealand Banking Group. Saudi Aramco signed the credit facility with 27 banks in March 2015. The list of the banks that signed the original loan included American, European, Asian, and Middle Eastern banks, but not Goldman Sachs. But units of banks such as Citi, Deutsche Bank, […]