Financial and Banking News


BAII Arranges $100mn Soviet Loan 

The Paris-based Banque Arabe et Internationale d'Investissements (BAII) has been mandated to raise $100mn for the Soviet Foreign Trade Bank (Vneshtorgbank). The loan is over five years with the standard 0.5% spread over Libor now being paid by Soviet borrowers. The BAII credit is being exclusively syndicated among Arab banks, and first indications are that it has been well received among the...