VOL. XXXV
NO. 2
14-OCTOBER-1991
Financial and Banking News
Regional Financing
Terms of Vela Loan still Being Discussed, No Allocations yet
The $300mn loan for Vela, the tanker subsidiary of Saudi Aramco, has beenoversubscribed, but allocations have not yet been made, banking sources say.Local banks submitted offers on the basis of a draft term sheet, and arrangers,National Commercial Bank, are now finalizing the information memorandum andfinal terms with the borrower. These should be completed...
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