VOL. XL
No. 31
4-August-1997
OAPEC
Apicorp Signs $225Mn Facility
Dammam-based Arab Petroleum Investments Corporation (Apicorp), owned by the 10governments of the Organization of Arab Petroleum Exporting Countries (OAPEC), said on 30July that it had signed a $225mn five-year loan facility with a group of fiveinternational banks. The pricing on the loan - which Apicorp described as the finestachieved to date by a financial institution in the Gulf - is understood to be 32.5bps.This is the first...
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