VOL. XXXV
NO. 35
1-JUNE-1992
Financial and Banking News
Regional Financing
Bahrain Middle East Bank Launches Groundbreaking Commercial Paper Program
Manama-Based Bahrain Middle East Bank (BMB) has closed its $75mn commercialpaper program, believed to be the first ever issued by a Gulf bank. The program,which will be backed by $86mn in AAA-rated asset backed securities, has beengiven the top A1+P1 rating by Standard and Poor's International and Moody's.It will give BMB an additional source of...
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