VOL.XXXVI
NO.49
6-SEPTEMBER-1993
Financialand Banking News
RegionalFinancing
NCB Expects To Conclude Sceco-West Loan Soon
Jiddah-based National Commercial Bank (NCB) hopes toconclude the SR1.47bn ($392mn) loan for the Saudi Consolidated ElectricityCompanyfortheWestern Region (Sceco-West)
around the middle of September.Participatingbankswill includebothSaudiand regionalinstitutions.The loan,
which is believed to be priced around 13/16% of Libor,met considerableresistancefrombankerswhenit was first
...
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