NO. 16


Financial and Banking News

Regional Financing

Indosuez Expected to Finance Two Boeings for Gulf Air

Gulf Air is expected to mandate Banque Indosuez to raise pre and termfinancing of around $120mn to cover the costs of two Boeing 767-300ERs, due fordelivery in mid-year. Citibank and Bankers Trust had been confident of securingthe deal, which involves Gulf Air buying the aircraft and then leasing them to aspecial purpose joint venture owned by Gulf Air and the US...