VOL. XLIV
No. 25
18-June-2001
OMAN
Omans $349Mn Barqa Facility Goes To General Syndication
Arab Banking Corporation (ABC) and ANZ Investment Bank announced on 11 June that they had launched the general syndication of the $348.6mn loan facility for Omans Barqa power and water desalination project. The facility comprises a 16-year $332mn term loan and a $16.6mn standby loan and will be used to part-finance the construction of the plant.
A statement issued by ABC said that the lead-arrangers ABC is...
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