VOL. XXXI

NO. 1

12-OCTOBER-1987

Financial and Banking News

LOANS AND ISSUES

ABC, GIB Lead New Pakistani Loan

Gulf International Bank (GIB) and Arab Banking Corporation (ABC), togetherwith Bank of Tokyo International, Chase Manhattan Asia and Chemical Asia arelead managing a $100mn five-year loan for the Islamic Republic of Pakistan. Theloan has a two-year grace period and a 1% spread over Libor. It is understoodthat co-lead managers are being invited into the deal at $8mn apiece.

According to data...