NO. 31


Financial and Banking News

Regional Financing

Gulf Air Pays Steep Price for Boeing Loans

Gulf Air is to pay a thumping 1.5% over Libor for its $123mn loan to financethe leasing of two Boeing 767s. Fees are believed to be about 1/2%. The loan hasbeen arranged by Banque Indosuez and five banks, including Indosuez, are actingas underwriters. Gulf International Bank, Netherlands-based NMB Bank, IndustrialBank of Japan and Indosuez initially committed $30mn but have been cut...