It is currently not clear how big the deal will eventually be, but it is expected to close in the next few weeks.
The deal, which is being arranged by Calyon, Intesa Sanpaolo, RZB, WestLB and Sumitomo Mitsui Banking Corporation, was launched into the syndication market in early August
The deal is split between a three-year tranche and a five-year tranche, with margins of 70 basis points and 100 basis points over the London interbank offered rate (libor) (MEED 10:8:08).
You might also like...
Red Sea Global awards Marina hotel infrastructure
18 April 2024
Aramco allows more time to revise MGS package bids
18 April 2024
Morocco tenders high-speed rail project
18 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.