NO. 41


Financial and Banking News

Regional Banking

TAIB to Raise $25mn in Floating Rate Certificates

ABC Investment and Services Company, a wholly-owned subsidiary of ArabBanking Corporation, is arranging a $25mn floating rate certificate of deposit (FRCD)issue for Trans-Arabian Investment Bank (TAIB), the Bahrain-based offshoreinvestment institution. The certificates will be issued at par and will have afinal maturity of five years, with put and call options on the third...