NO. 47

22 AUGUST 1994

Financial and Banking News

GPIC Expected In Market In October/November

Bahrain-based Gulf Petrochemical Industries Company (GPIC) is expected toapproach the market in October or November for a loan to finance its proposednew urea plant. The company will be looking for about $220mn, which will besufficient to fund the plant and export terminal and to buy out a $70mn loanoutstanding from Gulf International Bank. The GIB facility is due for repaymentin a single...