VOL. XXXII

NO. 16

23-JANUARY-1989

Financial and Banking News

LOANS AND ISSUES

Jordan Mandates $150mn Loan

Arab Bank, Arab Banking Corporation (ABC), and Gulf International Bank (GIB) were last week mandated by the Jordanian Government to syndicate a $150mn dual-currency loan. GIB is in charge of all roles for the deal, which is for seven years with a put option after five years. Jordan is paying a hefty 0.875% margin over Libor for the first five years, rising to 1.0% for the last two years, and...