Middle East Economic Survey
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...
Please log in to read the rest of this story.
You may purchase access to entire MEES digital archives by subscribing. This subscription gives you access to all the content of MEES digital archives up to 1978!