NO. 9


Financial and Banking News

Regional Financing

Kuwait's Jumbo Loan Raised to $5.5bn

Kuwait's balance of payments loan has been raised by $500mn to $5.5bn toaccommodate exceptional demand. At the close of general syndication at mid-dayon 25 November 80 banks, including the 24 lead managers, had made commitments.The loan is to be signed in Kuwait on 12 December. Security on the loan isnegative pledge and bankers say the wording of the documentation is standard.The...