NO. 10


Financial and Banking News

Loans & Issues

GIB Arranges $50mn Rice Deal for Pakistan

Gulf International Bank (GIB) has arranged and lead managed a $50mn one-yearloan for the Rice Export Corporation of Pakistan. The loan is guaranteed by theState Bank of Pakistan and is repayable in a single "bullet"installment at the end of the year. The margin is 0.75% over Libor. The loan wassigned in Karachi on 4 December and is one of a series of pre-export financingsfor...