Financial and Banking News

LOANS AND ISSUES

Jordan Cement Factories Company Ltd (JCFC) has raised a $16mn loan from a group of five banks.

The eight-year credit has a 0.5% spread over Libor for the first four years, rising to 0.625% thereafter with a 0.5% commitment fee. Arab Banking Corporation (ABC) was mandated together with the Jordan Finance Consortium (JFC), and as well as acting as agent bank it is providing the largest participation in the deal, at $8mn. Alahli Bank and Burgan...