Financial and Banking News
Saudi Companies Seek New Loans, As Talks Proceed On Qatargas Upstream
Saudi Arabia's National Shipping Company (NSC) is preparing to mandate banksto raise a $350mn loan to finance its purchase of five VLCCs from MitsubishiHeavy Industries. The total financing requirement is about $500mn. NSC wants a12-year loan with two years' grace to take account of the construction period.The four groups bidding for the mandate are...
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