Financial and Banking News

Regional Financing

GPIC Prepares To Approach Market For $130Mn

The Bahrain-based Gulf Petrochemical Industries Company (GPIC) is expected toapproach the market by the end of January for a $130mn loan to finance a newurea plant. The total project cost will be around $220mn, of which about $80mnwill come from a shareholders' equity injection. The company is expected to askfor a ten-year maturity on the loan, a strategy which some local...