VOL. XXXVIIINO. 1112 DECEMBER 1994
Financial and Banking News
Chemical Plans Ras Abu Fontas Signing For 15 December
Chemical Bank hopes to sign the financing agreement for a $475mn tranche ofthe Ras Abu Fontas B power station on 15 December. The agreement involvesdiscounting promissory notes issued by the State of Qatar to ABB Sae Sadelmi inrespect of work to be done on the power plant. Syndication of the notes wascompleted last summer but the signing has been delayed by the...