Jan 14 2010
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CIB arranges $250 mln loan for drilling co.
The rig is currently under construction in Singapore by PPL Shipyard, one of the largest rig builders worldwide, and will be delivered by July 2010, according to a statement from the bank.
The syndication was closed on Dec. 23 with a total of eight banks including CIB (acting as a facility agent and account bank): Banque du Caire , National Bank of Greece, Export Development Bank of Egypt , National Societe Generale Bank ( NSGB ), Credit Agricole Bank of Egypt , Bank of Alexandria and Egyptian Saudi Finance Bank .
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