HSBC Among Banks Lending Bahrain $570 Million for Energy

Bahrain’s oil investment company Nogaholding is taking a $570 million Islamic loan to pay for expansion projects, including improvements to the island nation’s only refinery and construction of a liquefied natural gas import terminal. The company arranged the five-year Murabaha facility with 10 banks including Bank of Tokyo-Mitsubishi UFJ, BNP…