Saudi Arabia

  • 23 Aug 2002
Banks are bidding on the proposed $650m refinancing for Sadaf, the joint venture between Shell and Saudi Arabian Basic Industries Corporation (Sabic).

The new deal refinances two project financings used to develop and then expand styrene production facilities and a cogeneration unit.

For the latest deal, banks ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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1 Citi 2,454.09 9 13.89%
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