Financial and Banking News


Arab Banks Participate in Spanish FRN 

There was strong Arab bank participation in the $500mn issue of floating rate notes for the Kingdom of Spain. The 15-year notes, carrying a 0.125% spread over Libor, included Gulf International Bank, Kuwait International Investment Company, National Bank of Kuwait and Saudi International Bank among the co-managers.

The Federation of Malaysia raised a $600mn FRN for 25 years at 0.125% over Libor in a...