PF Archive

Industrial

01 11 2007

Octal Petro gets plastic packaging debt Omani company Octal Petrochemicals has secured a $166.5 million loan from BankMuscat for a plastic packaging plant in the Salalah Free Zone. The financing comprises a $148.5 million term loan, of which $34.5 million was syndicated to Bank Dhofar, and an $18 million working capital facility. The project is believed to be the first non-recourse deal done in Oman without government support. Descon raises hydrogen peroxide plant debt Allied Bank Limited has sole lead arranged a Rs1.1 billion ($18.1 million) limited recourse facility for Descon...