VOL. XXXVI
NO. 52
27-SEPTEMBER-1993
SAUDI ARABIA
Samba And Citibank Arrange Loan For NCC
The Saudi American Bank (Samba) and Citibank have arranged a œ38.24mn loanfor National Chemical Carriers (NCC) to help finance the purchase of a 37,500dwt chemical carrier at a cost of œ47.8mn. The facility is a 9 1/2-year fixedrate sterling obligation converted into a $-denominated floating rate loan. Thecarrier is one of three ordered by NCC in January 1992 from Kvaerner's shipyardsin Norway and Scotland at...
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