NO. 35


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...