Financial and Banking News


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...