VOL. XXXIX
No. 44
29-July-1996
SAUDI ARABIA
Ghazlan Financing Announced
A consortium consisting of Gulf International Bank, Chase Investment Bank, al-Bank al-Saudi al-Fransi, Saudi British Bank and National Commercial Bank has won the mandate to arrange $500mn in financing for the Ghazlan expansion for the Saudi power utility SCECO-East (see related story in A section). MEES understands that the loan will be arranged under English law, that it is for 10 years and that it is priced at 95...
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