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Petroleum Industry.
(From The Nation (Thailand))
Byline: The Nation.
Rayong Refinery signs Bt7-bn loan agreement Rayong Refinery has signed a Bt7-billion loan syndication agreement with six banks: Bangkok Bank, Krung Thai Bank, Siam Commercial Bank, Siam City Bank, TMB Bank and Government Savings Bank.
Carrying eight years in maturity, the loan is for future investments and to partially refinance its existing debt, the refiner said in a filing to the Stock Exchange of Thailand.
The debt will carry an interest rate 150 basis points below the banks' minimum lending rate in the first two years.
The interest will rise to 125 basis points below the …
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