Financial and Banking News
LOANS AND ISSUES
The two tranche - $100mn and Dh200mn ($54mn) - five-year loan arranged by Wardley Middle East Ltd for the Emirate of Sharjah was signed on 4 June (MEES, 13 May). The terms include a 1% spread over Libor for the $100mn tranche and a 1% spread over Adibor with a minimum rate of interest of 12% for the Dh200mn ($54mn) tranche. The facility was underwritten by Wardley Middle East Ltd. Hong Kong and Shangai Banking Corporation, British Bank of the...
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