LOANS AND ISSUES

NBK Arranging KD44mn Local Syndicated Credits 

The National Bank of Kuwait (NBK) has been very active in the local syndicated credit market in recent weeks, arranging three loans for a total of KD44mn ($147mn). A KD12mn loan for Kuwait Hotels was signed last week after having been increased from KD9mn because of strong demand. It is for seven years and carries a 1.125% spread over Kibor. In process is another KDl2mn deal for Jawad and Haidar Abulhassan, this one for...