VOL. XLV

No 28

15-July-2002

OMAN

OMIFCO Signs Pact For Loans Worth $649Mn ToFinance Fertilizer Project

After delaysat a couple of stages in the project financing, the Oman India FertilizerCompany (OMIFCO) finally signed agreements on 5 July to receive funds for its$969mn fertilizer project, including a $322mn syndicated loan, $211.5mn fromItalian export credit agency SACE and $115.5mn from French export credit agencyCOFACE. For the syndicated loan, the three mandated lead arrangers were ABC...