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FINANCIAL NEWS
Kuwait’s KNPC inks USD6.25bn loan for clean fuels project
25 May 2017
(MENAFN) Kuwait National Petroleum Co. has inked an USD6.25bn loan with global lenders and export credit agencies to finance its clean fuels project.
Moreover, the company included the financing area Korea Trade Insurance Corp, the Export-Import Bank of Korea, SACE, Japan Bank for Intl’ Co-op and others.
In addition, it also selected a group of 10 international banks to offer the financing under the coverage of the Korean ECA K-Sure, the Italian SACE.
Meanwhile, the banks are HSBC, Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Banco Santander, Societe Generale, Banco Bilbao Argentina and other banks.
MENAFN2505201700450000ID1095510149
MENAFN2505201700450000ID1095510149
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