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ADNOC secures $3 billion loan from JBIC and four other banks

Thu, 18th Nov 2021 08:02

DUBAI, Nov 18 (Reuters) - State oil firm Abu Dhabi National
Oil Company (ADNOC) signed a $3 billion loan agreement with the
Japan Bank for International Cooperation (JBIC) and four other
lenders, JBIC said in a statement on Thursday.

JBIC is providing $2.1 billion and Sumitomo Mitsui Banking
Corporation (SMBC), the Tokyo branch of HSBC,
Mizuho and MUFG are providing the rest, the
statement said.

(Reporting by Yousef Saba; editing by David Evans)

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