Middle East Economic Survey
VOL. XLVII
No 47
22-November-2004
Margins On Equate Refinancing/Bridge Loan Prove Too Slim For Local Banks
The Equate Petrochemical Companys $600mn refinancing and bridge loan package signed last week proved popular with international and regional banks and was over two-and-a-half times oversubscribed. However, as a result of the relatively slim margins, all of the local banks participating in the companys $900mn refinancing in 2001 pulled out this time around, MEES...
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