VOL. XXXVII

NO. 36

6-JUNE-1994

Financial and Banking News

Regional Financing

Sadaf Asks Banks To Underwrite $700Mn For Expansion And MTBE Plant

Gulf banks were expecting to be asked during the first week of June toexpress interest in financing the expansion of the Saudi Petrochemical Company (Sadaf)and its new MTBE plant. Bankers say the company will be looking to raise a$700mn clean loan which will have a maturity of 8.5 years - the standard lengthfor recent loans to the Saudi petrochemical...