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A Consortium of Banks to Arrange $200m for APICORP
Saudi Press Agency Published in Saudi Press Agency on 13 - 03 - 2005

A consortium of banks have been mandated to arrange a $200 million five-year syndicated term loan facility for Arab Petroleum Investments Corporation (APICORP).
The consortium includes Arab Banking Corporation; the Bank of Tokyo-Mitsubishi Ltd.; BNP Paribas; Calyon; Gulf International Bank BSC; Mizuho Corporate Bank Ltd.; Standard Chartered Bank and Sumitomo Mitsui Banking Corporation Europe Ltd.
"The facility has been fully underwritten by the Mandated Lead Arrangers and proceeds will be used to refinance APICORP's $200 million five-year syndicated term loan facility signed in July 2000," the Bahrain-based Arab Banking Corporation (BSC) press release said yesterday.

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