Kufpec loan finally due to sign

Kuwait Foreign Petroleum Co (Kufpec) has resolved the tax issues that have held its $750m loan in limbo for two months and is likely to sign the deal on Thursday.

  • By Michael Turner
  • 17 Jul 2013

Kufpec's five year loan was pencilled in to sign by May 18, bankers said at the beginning of that month. At that time, lenders added that the loan had been expected to sign in April.

"The deal got ...

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