HSBC Among Banks Lending Bahrain $570 Million for Energy
- BNP Paribas also among 10 banks making Islamic loan to Bahrain
- Nogaholding to fund refinery expansion, LNG-import terminal
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Bahrain’s oil investment company Nogaholding is taking a $570 million Islamic loan to pay for expansion projects, including improvements to the island nation’s only refinery and construction of a liquefied natural gas import terminal.
The company arranged the five-year Murabaha facility with 10 banks including Bank of Tokyo-Mitsubishi UFJ, BNP Paribas SA and HSBC Holdings Plc, it said Wednesday in an e-mailed statement.