GPICInvites Underwriting Offers For New Loan
Bahrain-basedGulf Petrochemical Industries Company (GPIC) has invited banks to submitunderwriting bids for a $130mn 10-year loan which will cover part of the costsof a new urea unit. Banks were expected to receive the invitations on 8 Apriland they would have about six weeks in which to reply. Thetotal project cost will be about $220mn.
GPIC'sfinancial position has improved dramatically during the last...