Dubai’s ENOC raises $690mln loan from Chinese banks

The loan will be used for general corporate purposes
DUBAI: Dubai’s Emirates National Oil Company (ENOC) said on Monday it has raised a loan of $690 million provided by a consortium of Chinese lenders.
Industrial and Commercial Bank of China 601398.SS , Agricultural Bank of China 601288.SS and China Construction Bank 601939.SS provided the facility, with ICBC working as coordinating bank.
The loan will be used for general corporate purposes, ENOC said.

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