Middle East Economic Survey

VOL. XLVII

No 27

05-July-2004

ENERGY FINANCE

Arab Gas Pipeline $160Mn Loan Syndication Due For 7 July Completion

The syndication of a $160mn loan to finance the Jordanian section of the Arab Gas Pipeline is ready for financial close on 7 July, Ihab Sa'di, Executive Manager Corporate Finance, at Jordans Housing Bank for Trade and Finance (HBTF) told MEES. HBTF is the financial adviser and lead arranger for the deal and heads a group of Jordanian and Egyptian banks. The...