NO. 48


Financial and Banking News

Regional Banking

Gulf Air Uses Pefco again for Boeing Purchases

Gulf Air is to finance its purchase of three Boeing 767-300 aircraft througha loan from the US Private Export Funding Corporation (Pefco). The 12-year$178mn loan will be backed by the US Eximbank and will cover 85% of the totalcost of the aircraft. The loan will carry interest of 8.52%.

Gulf Air invited bids from international banks to arrange the financing, butthe airline...