VOL. XXXI
NO. 48
5-SEPTEMBER-1988
Financial and Banking News
LOANS AND ISSUES
GIB Raises $100mn for Algeria
Gulf International Bank (GIB) has completed syndication of a $100mn loan for Banque Exterieure d'Algerie (BEA). The loan is a dual currency facility with a 0.875% spread over Libor and has a seven year maturity with four years grace. The lead managing group comprised seven banks, including GIB, Arab Banking Corporation (ABC), Arab Petroleum Investments Corporation (APICORP), AL-UBAF Group,...
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