Financial and Banking News
LOANS AND ISSUES
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...
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