VOL. XXXI

NO. 23

14-MARCH-1988

Financial and Banking News

LOANS AND ISSUES

TUPRAS Deals to Raise $250mn

Two deals for the Turkish Petroleum Refinery (TUPRAS) are currently on themarket with Arab banks lead managing. The annual deal with National Bank ofKuwait (NBK) is now being syndicated as a one-year bullet loan carrying a spreadof 0.75%, which is higher than last year's loan (signed in April with a 0.75%spread). However, the five-member lead management group is similar, includingNBK, Gulf...