(Indian Express, Dubai, 16 October 2016) Kuwait National Petroleum Co (KNPC) expects to finalise a loan of well over $5 billion to finance its Clean Fuels project by the end of the first quarter of next year, one of the world’s largest-ever loans backed by export credit agencies. NBK Capital is acting as exclusive financial adviser for the facility, which would have backing from the South Korean, Dutch, British and Italian export credit agencies. HSBC is coordinating the transaction.
