Middle East Economic Survey

VOL. XLVIII

No 40

3-October-2005

OMAN

Aromatics Oman Loan Secures Low Margins

Aromatics Oman has secured low margins on the loan it has been granted by 14 financial institutions for the financing of its new $1.1bn petrochemical complex. The margins are 75bps pre-completion and then post-completion they start at 60bps, and step up to 70bps and then to 80bps over the 15-year tenor, MEES understands. Surprisingly, post-completion the margins are tighter than those achieved...