VOL. XL
No. 47
24-November-1997
BAHRAIN
Bahrain Signs Loan Agreement To Finance Al-Hidd Project
On 18 November, the Bahraini Government announced that it had signed a $530mn sovereignloan facility with a consortium of 16 local and international banks for the al-Hidd powerand desalination project (MEES, 17 March). The banks participating in the loan,underwritten and arranged by National Bank of Bahrain and Citibank, include BanqueNationale de Paris, Banque Paribas, HSBC Investment Bank, The...
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