Financial and Banking News
LOANS AND SYNDICATIONS
Middle East Engineering and Development Company
A $71.5mn multi-tranche construction credit facility, lead managed by Citicorp and Saudi French Bank is being raised for this engineering company. The fees offered for the loan are 50 bps for leads at $7-8mn, 40 bps for managers at $5-6mn, and 30 bps for participants at $3-4mn.