Financial and Banking News


Eurotunnel Loan Begins Mid East Syndication

Middle East syndication of the £5.2bn ($8.5bn) Eurotunnel project to build a tunnel under the English Channel was launched with meetings last week between representatives of the four Arab banks involved in underwriting the loan and some 15 other institutions from Kuwait, Saudi Arabia, Bahrain and the UAE. The senior Arab bank involved is Arab Banking Corporation (ABC), which is underwriting...