Financial and Banking News


Algerian Deals completed

Two important deals for Algerian borrowers have recently been completed. The larger one, for Banque de l'Agriculture et du Developpement Rurale (BADR) was for $300mn, was arranged by Arab Banking Corporation (ABC) and was signed on 13 June (MEES, 28 April and 9 June). There were twelve other lead managers on the deal, including Alahli Bank of Kuwait, Gulf International Bank (GIB) and Kuwait Foreign Trading,...