Chinese lenders offer dollars to UAE's ENOC

By Mariam Meskin
11 Jun 2019

Emirates National Oil Company (ENOC) has raised a $690m loan from an exclusively Chinese syndicate, a rare event rare for the region.

The global diversified energy firm is owned by the Government of Dubai, through the Investment Corporation of Dubai (ICD). 

Its five year $690m term loan, which will go towards general corporate purposes, was provided by three Chinese banks: Agricultural Bank of China, China Construction Bank and Industrial and Commercial ...

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