VOL. XLVI
No 43
27-October-2003
ENERGY FINANCE
International Methanol Company Loan Structured As Club Deal
Saudi Arabias International Petrochemical Companys (Sipchem) recently signed $180mn project finance loan is being structured as a club deal between the arrangers and there will be no further syndication, MEES understands. The loan will initially be priced at 160bps over libor, and then the margin will fall to 140bps after completion, but rise again to 165bps to encourage refinancing, MEES ...
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