Equate Petrochemical will raise a multi-tranche loan facility totaling USD5bn. The loan will be structured in three tranches: the first tranche will be a revolving facility of USD1bn over three years, the second tranche is a USD2bn term loan facility over three years and the last tranche is a USD2bn term loan over five years, according to data compiled by Bloomberg. Each tranche has conventional and Islamic portions. (Bloomberg)
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