VOL. XLII

No. 35

30-August-1999

KUWAIT

Kuwait痴 AMPTC Raises $120Mn For New Tankers

Arab Petroleum Investments Corporation (APICORP), ANZInvestment Bank and Bahrain痴 Gulf International Bank have arranged andunderwritten a $120mn loan to Arab Maritime Petroleum Transport Company(AMPTC). A source close to the deal told MEES that the banks wereunderwriting and arranging the loan for AMPTC to buy two product tankers andrestructure existing debt. He said he could not disclose who the syndicatedbanks...