Financial and Banking News
LOANS AND ISSUES
Arab Banks Still Handling Eurocredits
Despite the marked downturn in the volume of syndicated credits on the euromarket in recent months, a number of Arab banks are still competing for, and winning, mandates in what used to be a lucrative market. Recent deals for the Kingdom of Jordan and Turkey's Tupras (MEES 6 May) allowed a little nostalgia to creep back into the syndication departments of Arab banks, as relatively good margins for...