Financial and Banking News


ABC's Euro-activity Increases

Activity by Arab Banking Corporation (ABC) in the euromarkets has been increasing in recent weeks. Following its DMl5Omn ($82mn) issue of senior unsubordinated notes co-led by its Frankfurt subsidiary ABC-Daus (MEES, 1 June), ABC has raised the equivalent of HK$500mn in a Hong Kong issue of certificates of deposit in the name of its local subsidiary, International Bank of Asia. The issue, which was arranged by...