JPMorgan, Kuwaiti Lenders Join HSBC in $6 Billion Loan for KPC Pipeline Stake Buyers
JPMorgan and two Kuwaiti banks have joined HSBC in underwriting a $6 billion loan syndicate to back prospective buyers of a stake in Kuwait Petroleum Corporation’s crude oil pipeline network. The bid process for the asset, valued at about $7 billion, has been delayed amid regional conflict and investor requests for assurances on potential volume di…