VOL. XL
No. 27
7-July-1997
SAUDI ARABIA
Ibn Sina Signs $215Mn Facility Under Saudi Law
On 1 July , the SABIC subsidiary, National Methanol Company (Ibn Sina) signed a SR807mn($215mn) loan facility with a group comprising one regional and six Saudi banks torefinance two existing loan facilities. The refinancing, which was arranged under Saudilaw, has a tenor of eight and a half years and was priced at 60bps over LIBOR. The firstof the existing facilities was a Saudi riyal housing loan facility...
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