In a further sign of renewed confidence in emerging markets, Chase Manhattan Corp. is to arrange a $650 million financing for Lithuanian oil refinery.

Terms of the transaction, which is said to include a $150 million interim loan and a $500 million project finance facility, have not been disclosed.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.