NBAD arranges $625m loan for IPIC
- United Arab Emirates: Saturday, July 05 - 2008 at 12:31
The National Bank of Abu Dhabi (NBAD) and The Bank of Tokyo-Mitsubishi UFJ, Ltd. have concluded the arrangement of a $625m syndicated term loan facility for the International Petroleum Investment Company(IPIC). The loan will be used to acquire a 20% shareholding in Cosmo Oil Co., a Japanese oil refinery.
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