Middle East Economic Survey

VOL. XLVIII

No 6

07-February-2005

BAHRAIN

Bapco Financing Package To See Financial Close This Week

The financing facilities for Bahrain Petroleum Companys (Bapcos) modernization and upgrading of its Sitra refinery were scheduled to be signed on 7 February. The $700mn commercial debt package includes a $370mn commercial tranche and a $330mn Islamic tranche. The mandated lead arrangers (MLAs) on the commercial tranche are BNP Paribas, Arab Banking Corp (ABC), Gulf...