Dubai refiner ENOC marketing $1.5 bln long-term underwritten loan

April 9, 2015 10:31 AM

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DUBAI, April 9 (Reuters) - A $1.5 billion nine-year loan for Dubai's Emirates National Oil Company (ENOC) is being marketed to banks after receiving commitments from seven lenders to fully back the financing, three sources aware of the matter said on Thursday.

The syndication phase was launched on Wednesday and will allow additional lenders to join in the facility, which ENOC said in January it would raise for general business purposes and which sources told Reuters in February was being backed by seven local and international banks.

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