NO. 6


Financial and Banking News

Loans and Issues

Commercial Facilities Borrows $75mn

Commercial Facilities Company, a Kuwait-based leasing and finance company,has borrowed $75mn from a syndicate of mainly Arab banks lead-managed by theKuwait Foreign Trading, Contracting and Investment Company (KFTCIC). The loanwas signed on 25 October and is for four years with a 0.875% spread over Libor.Last year the same borrower raised 3 year money at 1.5% over the Bahrain interbank...