Financial andBanking News
Chemical Bank Syndicates State Of Qatar Promissory Notes
Chemical Bank has completed the financing of the ABB Sae Sadelmi portion ofthe Ras Abu Fontas B power and desalination project by syndicating promissorynotes issued by the State of Qatar to a group of international banks. The valueof the ABB Sae Sadelmi portion is $475mn (out of a total contract value of$1,153mn) and includes a 30% progress payment and interest due....
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