VOL. XXXIX
No. 35
27-May-1996
KUWAIT
Equate Agrees $450mn Bridging Loan
Gulf Investment Corporation (GIC), Arab Banking Corporation (ABC), National Bank of Kuwait (NBK) and Gulf International Bank (GIB) have provided a $450mn bridging loan to Kuwait's Equate petrochemical project. Equate is a joint venture between the Kuwaiti state Petroleum Industries Company (45%) and Union Carbide of the US (45%), with the remaining 10% held by the Bubiyan Petrochemical Company of Kuwait. The total...
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