VOL. XLV
No 2
14-January-2002
SAUDI ARABIA
Saudi Polyolefins Company Secures$280Mn From Mainly Regional Consortium
Saudi Polyolefins Company (SPC)announced on 23 December that it had secured a $280mn syndicated loan from a consortiumof mainly regional banks to finance the construction of a $525.7mn propyleneand polypropylene plant. The transaction was lead-arranged and equallyunderwritten by Saudi Fransi Bank (facility agent), Riyad Bank (documentationagent and secured accounts bank), Arab...
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