VOL. XXXVI

NO. 42

19-JULY-1993

Financial and Banking News

REGIONAL FINANCING

Bonds Issued For Qatargas

Contract Bonding of $178mn was issued on 14 July for the $1,395mn Qatargasengineering, procurement and construction contract awarded to Chiyoda. QatarNational Bank (QNB) provided the whole amount, but has received indemnities fromfour other local banks for 20% of the total. The financing package for theproject will be put in place later this year.

Funding for other major projects in Qatar will come...