VOL. XXXII
NO. 39
3-JULY-1989
Financial and Banking News
LOANS AND ISSUES
Omani Loan Signed
The Sultanate of Oman on 28 June signed the $500mn syndicated loan (MEES,20 March) arranged by Gulf International Bank (GIB) and Chase Investment BankLtd. and provided by 37 participating banks. The eight-year loan has a four-yeargrace period and is at 0.375% over Libor for the first 3.5 years rising to 0.5%thereafter. One fifth of the amount can be converted into Swiss Francs (with aconcomittant lowering in...
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