Financial and Banking News
LOANS AND ISSUES
Ministry of Equipment and Housing, Tunisia has mandated Aresbank to arrange a $15mn line of credit to finance con struction of a housing project at Kairouan. The project is supported by ICO of Spain, and the ten-year loan is provided to the borrower at OECD consensus rates. There are five participants in the loan: ABC, GIB, UBAF Paris, Union Tunisienne de Banque and Banque Indosuez (Madrid branch).