VOL. XXXVI
NO. 37
14-JUNE-1993
Financial and Banking News
REGIONAL FINANCING
ADNOC Secures Loan To Fund LNG Carriers
The Abu Dhabi National Oil Company (ADNOC) will be able to draw on amedium-term loan totaling around $800mn-900mn to fund its purchase of liquefiednatural gas (LNG) carriers ordered in mid-1990 from Japanese shipyards. ADNOCasked National Bank of Abu Dhabi (NBAD) to arrange the loan and instructed it toinvite other Abu Dhabi-based institutions to participate. NBAD says that, as a...
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