NO. 43


Financial andBanking News

Regional Financing

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....