Syndication of the 14-year, $647 million facility is expected to attract mainly regional banks as eight international banks came on board at the lead arranging stage (MEED 29:8:03).

The lead arrangers are Arab Bank, ANZ Investment Bank, Bank of Tokyo-Mitsubishi, BNP Paribas, Credit Agricole Indosuez, Gulf International Bank (GIB), HSBC, Mizuho Financial Group, Societe Generale and Sumitomo-Mitsui Banking Corporation (MEED 13:6:03). Tickets are expected to range in size from $30 million to $10 million and fees at the top end will be in the 100-110-basis point range (MEED 1:8:03).