Middle East Economic Survey
VOL. LII
No 26
6-Jul-2009
UAE
IPIC Secures $5Bn Corporate Loan
The International Petroleum Investment Company (IPIC) signed an agreement to receive a corporate loan on 28 June, following successful completion of a syndication by initial mandated lead arrangers (MLAs) Bank of Tokyo Mitsubishi, HSBC and Santander. The banks coming into the deal took commitments up to $6.4bn, so the final amount was increased from the originally requested $3.5bn to $5bn, MEES learns....
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