VOL. XXXIII

NO. 11

18-DECEMBER-1989

Financial and Banking News

Loans & Issues

QGPC Signs Loan after Nine-Month Delay

Qatar General Petroleum Corporation (QGPC) on 11 December signed a loanagreement for $400mn, nine months after the loan was originally intended to besigned and nearly a year after it had been mandated to a group of nine banksMEES, 16 January). Each bank provided $44.4mn of the amount, which is lent on aself-liquidating basis for three years at a spread of 22.5 bp over Libor and a...