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...