Financial and Banking News
LOANS AND SYNDICATIONS
Kuwait Real Estate Investment Consortium
The $100mn six-year loan for this borrower has had a good response with the close of syndication due shortly. The loan, lead-managed by the Kuwait Foreign Trading Contracting and Investment Company (KFTCIC), carries a spread of 1-1/8% over Libor and has a grace period of 2.5 years. It will be used by the borrower for debt restructuring purposes. A small group of banks in Kuwait and the Gulf...
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