Financial and Banking News


Pakistan Borrowing $100mn 

The Islamic Republic of Pakistan is planning to raise half of its current $100mn loan from the Middle East. ABC and GIB, together with Chase Manhattan Asia and Chemical Bank Asia have been mandated to raise the funds, which are for five years, with three years grace and a 1% spread over Libor and a 0.375% commitment fee. Managers are being offered 0.25% for underwriting $10mn together with 0.625% on their final...