Financial and Banking News


ABC Arranging KKBC Deal 

Arab Banking Corporation (ABC) is one of three banks mandated to raise $30mn for the Korea Kuwait Banking Corporation (KKBC). The deal is for a revolving credit, with a Swiss Franc currency option, for four years at an interest rate of 0.5625% over Libor. The available amount of the facility will be reduced by 50% after 3.5 years, and there is a 0.25% commitment fee payable quarterly in arrears after a one-month...