Financial and Banking News

LOANS AND ISSUES

Alahli Bank of Kuwait has raised $60mn in a Revolving Underwriting Facility arranged by Merrill Lynch Capital Markets. The facility provides for the issue of three or six-month Certificates of Deposit (CDs) with a coupon equal to the Libid rate over a six-year period, fully underwritten by 13 banks, including Arab African International Bank, Arab International Bank, Alubaf Arab International Bank, BAII, Bank of Bahrain and Kuwait, Bahrain Middle...