MidEast lenders stump up $275m for Utd Arab Shipping

24 Feb 2010

United Arab Shipping Co signed a $275m term loan with Qatari and Kuwaiti banks on Sunday.

Qatar National Bank led the facility, which the borrower will use to buy three container ships. Burgan Bank of Kuwait, Commercial Bank of Qatar and Doha Bank committed as lead arrangers. Kuwait’s Al Khaliji Commercial Bank came in as an arranger.

UASC said the loan was one of several ...

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