VOL. XL

No. 31

4-August-1997

SAUDI ARABIA

Yanpet II Financing Announced

Lead-arranger mandates for the mammoth financing of Saudi Yanbu Petrochemical Company.Yanpet II - expansion have been awarded to a group of 11 regional and international bankstogether with a pricing that emphasizes the market's continuing appetite for Saudi risk.The deal - to arrange $2.322bn over 10.5 years - was signed in London on 22 July and wasawarded to the following institutions:

JP Morgan (Global Book-runner)

Chase...