Refinance loan facilities worth SR 1.04 bln riyals for three affiliates of Sipchem

Three affiliates of Saudi International Petrochemical Company (Sipchem) have refinanced loan facilities worth 1.04 billion riyals (US$276 mln) which were used to fund their key projects, as per Reuters. International Acetyl Company, International Vinyl Acetate Company and International Gas Company have converted dollar-denominated loans raised in 2008 to build respective manufacturing plants into new long-term facilities denominated in riyals. Riyad Bank was the lead arranger of the deal, which carried a "competitive variable interest rate" as well as a six-month grace period. The first instalment is due to be repaid in H2-2013, with the loan to be paid off in four years.
  More News  Post Your Comment
{{comment.Name}} made a post.




There are no comments to display. Be the first one to comment!


Name Required.


Email Id Required.

Email Id Not Valid.


Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.

Message Required.

Click to Change image  Refresh Captcha
Complete Herbert Olbrich cushion vinyl flooring line

Complete Herbert Olbrich cushion vinyl flooring line