Financial and Banking News
LOANS AND ISSUES
Arab Banks Join Cyprus Deal
Three Arab banks have joined the top-tier of a $70mn multi-currencymedium-term loan for the Republic of Cyprus being arranged by Chase InvestmentBank. Alahli Bank of Kuwait, Gulf International Bank (GIB) and Libyan Arab Foreign Bank (LAFB) have come in at $7mn apiece, while Kuwaiti French Bank is alsoparticipating with $1mn. The loan is for eight years, with five years' grace.The spread is 0.375%...
Please log in to read the rest of this story.
You may purchase access to entire MEES digital archives by subscribing. This subscription gives you access to all the content of MEES digital archives up to 1978!