Bank finance for methanol
. From BURCE ROSCOE in Tokyo An international banking syndicate, led by the Mitsui Bank of Japan, has agreed to lend $235 million to finance the methanol plant project, the Mitsui Bank announced late last week, according to a report in a national newspaper, the “Mainichi Shimbun,” on Friday. The report, said the 16bank syndicate included six Japanese banks and was led ■by Mitsui, the Bank of Nova Scotia, and the Bank of Montreal. United States, British, Middle Eastern, Australian, and New Zealand banking interests were included. According to the national Japanese news agency, Kyodo, the 11-year loan would carry a floating in-
terest rate — the London Interbank offered rate plus a margin of 0.5 per cent in the first four years and a margin of 0.75 per cent in the fifth and subsequent years.
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Press, 8 March 1982, Page 2
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138Bank finance for methanol Press, 8 March 1982, Page 2
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