KUWAIT: Five banks — JPMorgan Chase, Citigroup, HSBC, Kuwait Finance House and National Bank of Kuwait — have been chosen to arrange a US$6 billion bridge loan for EQUATE Petrochemical Company. According to Reuters quoting unnamed sources, the loan will be used to refinance EQUATE’s existing debt and for general corporate purposes as well as to pay for the acquisition of MEGlobal from Dow Chemical and Petrochemical Industries Co. The banks involved in the loan deal have reportedly invited other....