Financial and Banking News


Arab Borrowers Raise $2.2bn, Breathing Life into Markets 

Arab borrowers have raised or mandated some $2.2bn of new credits and note facilities during the past two months, breathing some life into a moribund sector of the market and providing Arab banks with the opportunity to earn underwriting income as lead managers. However, spreads have dropped significantly to levels unheard of during the boom years of the market in 1980-83. The bulk...