NO. 9


Financial and Banking News

Regional Financing

ASRY Pays 1% over Bahrain Interbank Rate for 6 1/2 Year Loan

Bahrain-based Arab Shipbuilding and Repair Yard (ASRY) has raised a $30mnloan from Bahrain-based banks to fund extra docking facilities and a pier aspart of its overall expansion plans. The loan is for 6 1/2 years, including an18-month grace period, and is priced at 1% over the Bahrain interbank offeredrate, which is usually slightly above Libor. Lead managers...