VOL. XLV

No 22

3-June-2002

ENERGY FINANCE

APICORP Secures $300Mn Loan

Arab Petroleum InvestmentsCorporation (APICORP) signed a $300mn syndicated term loan facility on 30 May,which was lead arranged by Credit AgricoleIndosuez, Gulf International Bank, HSBC, Riyad Bankand Sumitomo Mitsui Banking Corporation. The five-year loan will be used torefinance an existing syndicated term loan signed by APICORP in 1997 and tofund future growth. The lead arrangers were originally given a mandate to raise...