VOL. XLI

No. 47

23-November-1998

QATAR

NODCO To Finalize $510Mn Syndicated Loan

After protracted negotiation, the Executive Committee of QatarsNational Oil Distribution Company (NODCO) announced on 16 November that it had secured a$510mn finance facility which will be signed with the 13 participating banks on 23-24November. The loan agreement was stalled for several months after the 13.5-year, $850mnhybrid project/corporate financing, priced at 55bps and 65bps over Libor and arranged byBarclays...