Financial and Banking News


KFTCIC Deal for Romania Cancelled 

A $150mn eurocredit for which the Kuwait Foreign Trading, Contracting and Investment Company (KFTCIC) had been mandated at the end of December has been cancelled by the borrower. The deal - for the Romanian Bank for Foreign Trade - was for a five-year deal with three years grace and a spread of 1.25% over Libor for the first 2.5 years, rising to 1.375% thereafter, and was to have been syndicated among Arab...