Formal appointments have yet to take place. However, banks understood to have been notified about participating in the $1,500 million commercial portion are understood to include: ABN Amro
, Arab Banking Corporation
, Bank of Tokyo-Mitsubishi
, Banque Saudi Fransi
, Gulf International Bank
, Mizuho Financial Group
, Riyad Bank
, Saudi Hollandi Bank, Saudi British Bank
, Standard Chartered Bank, Sumitomo-Mitsui Banking Corporation (SMBC)
and United Financial Japan Bank
. Banks which offered commitments of more than $150 million were called back for negotiations in early November (MEED 11:11:05).
Appointments are also close on the $500 million Islamic debt portion. Japan Bank for International Co-operation (JBIC) is expected to provide $2,500 million while the Public Investment Fund will extend $1,000 million. SMBC is acting as financial adviser; Clifford Chance
is providing legal counsel, Stone & Webster
; part of the US’ Shaw Group
, is technical consultant; and the UK’s Nexant
is market consultant.