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...