VOL. XL
No. 32
11-August-1997
SAUDI ARABIA
Chase Arranges Two Facilities Totaling $427Mn For NSC
Chase Manhattan Bank has arranged two financing facilities worth $427mn for SaudiArabia's National Shipping Company (NSC). According to an NSC statement, the firstfacility for $300mn will be used to refinance the five VLCCS which were built by Japan'sMitsubishi Heavy Industries at a cost of some $500mn and have already been delivered,while the second facility for $127mn will be used to finance the...
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