VOL. XLVI

No 45

10-November-2003

QATAR

ENERGY FINANCE

QVC Signs Refinancing Loan As Syndication Moves Ahead

Qatar Vinyl Company (QVC) has signed an agreement with 11 banks for a $460mn loan to refinance its petrochemical plant. The syndication for the refinancing is moving ahead and meetings with banks were taking place last week in London and Dubai, with close expected in December, a banker told MEES. He said that the project sponsors wanted to expedite the financing and so chose to sign the...