VOL. XXXV

NO. 35

1-JUNE-1992

Financial and Banking News

Regional Financing

Competition among Underwriters Cuts Price of Ibn Sina Loan

Banks underwriting the $275mn loan to Saudi Arabia's National MethanolCompany (Ibn Sina) hope to close syndication around 3 June. The underwritershope that four to six banks will join the syndication.

Invitations have been sent only to Saudi banks. The underwriters are SaudiAmerican Bank, Saudi Cairo Bank, Saudi British Bank and Bahrain-based GulfInternational Bank...