The four banks are: Citigroup, Gulf International Bank, HSBC and Societe Generale (SocGen). Each have been offered equal $175 million tickets. The margin ranges from 40-60 basis points. The preliminary information memorandum (PIM) on the long-term financing to fund Equate’s planned Olefins II complex is due to be launched in mid-February. SocGen is acting as financial adviser on both deals (MEED 5:8:05).