Middle East Economic Survey
VOL. LII
No 23
8-Jun-2009
UAE
IPIC Launches Syndication For $3.5Bn Corporate Loan
IPIC has launched a syndication of a $3.5bn corporate loan that it has received from initial mandated lead arrangers (MLAs) Bank of Tokyo Mitsubishi, HSBC and Santander, MEES learns. While the syndication market has effectively been shut for project finance in the wake of the financial crisis, with sponsors and their advisors preferring to club deals, a number of syndications have been...
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