NO. 30


Financial and Banking News

Loans & Issues

Gulf Syndications Market Continues to Thrive

Syndicated finance totalling more than $1,400mn has been underwritten forGulf borrowers since the beginning of the year. All the loans have attractedconsiderable interest from regional and international banks. The details of theloans are as follows:

- Dubai-based Emirates Airlines is raising $150mn to finance the purchase oftwo Airbus A300-600Rs. A mandate is expected to be...