Financial and Banking News


ABC Issues DM Bond

Arab Banking Corporation CABC last week issued DM150mn ($82mn) month of senior unsubordinated notes in a swap-related transaction lead managed by its Frankfurt subsidiary ABC-Daus together with Dresdner bank, Industrial bank of Japan, and Morgan Stanley International. KFTCIC was one of 10 co-managers of the issue, which was of 5.5% notes at par, maturing in 1992, with commissions totalling 2%. ABC's last issues were of...