Seven for ADPC
Seven banks are being lined up for the US$500m loan for Abu Dhabi Ports Company (ADPC) to back its US$2.5bn Khalifa port at Taweelah. Before the holidays, National Bank of Abu Dhabi and HSBC extended bridge loans totalling US$400m on the project (PFI issue 399). Fortis and BNP Paribas are among the banks involved in the longer-term financing.
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