Financial and Banking News


North Yemen Raises $50bn 

A rare bird in the euromarkets raised $50mn last month in an entirely Arab deal. The Sana'a-based Yemen Bank for Reconstruction and Development (YBRD) was brought to market by ABC and co-led by National Commercial Bank (NCB) of Jiddah. The loan was for three years, including a six-month grace period, and carried a 1.5% spread over Libor. Participating in the deal were the Libyan Arab Foreign Bank, Arab...