Financial and Banking News
LOANS AND ISSUES
Gulf Air Borrows $208mn
The Bahrain-based regional airline Gulf Air has borrowed $208mn from aconsortium of 22 banks to part-finance the long-term lease of four Boeing767-300 aircraft. The 12-year loan carries a 0.5% spread over Libor for thefirst eight years, rising to 0.6% thereafter, and was lead managed by ChaseInvestment Bank Ltd, Arab Bank, and Gulf Investment Corporation. A further $52mnis being raised by Gulf Air...
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