Financial and Banking News


Hungary and East Germany Borrow

Arab Banking Corporation CABC) has emerged as one of five lead managers of a $400mn loan for the National Bank of Hungary. The loan is for eight years, including Six years grace, and carries a 0.375% spread over libor. ABC has built strong links with the Hungarians in recent years, and lead-managed two deals for $300mn and $125mn for the same borrower in 1985. At that time, however, Hungary was paying 0.625% over...