VOL. XLII
No. 13
29-MARCH-1999
SAUDI ARABIA
Apicorp Consortium Wins Mandate For $300Mn Sadaf Loan
On 17 March an Apicorp-led consortium of banks was awardedthe mandate to arrange a $300mn syndicated loan for SABICç—´ subsidiary SaudiPetrochemical Company (Sadaf). The loan, which is Apicorpç—´ third to Sadaf,carries an all-in 1% yield and a tenor of 8.5 years (typical of SABICborrowing). It will be used to finance the expansion of styrene production andto co-generate electricity through two units...
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