The first mandate of the year for a project finance deal in the Middle East was awarded this week. The arranging of the $1.35bn financing for the first stage of the Egyptian LNG project has gone to 15 banks, including international and local institutions. The lucky winners are ANZ Investment Bank, Arab Petroleum Investments Corporation (Apicorp), BayernLB, Bank of Tokyo-Mitsubishi, Crédit Lyonnais, HSBC, IntesaBci, Royal Bank of Canada, Royal Bank of Scotland, Sanpaolo IMI, SG and WestLB. Three Egyptian banks also joined as mandated lead arrangers - Commercial International Bank, Misr International Bank and National Société Générale Bank.
January 10, 2003