Financial and Banking News


ALUBAF TRUF Attracts Two Arab Lead Underwriters

The $37mn Transferable Underwriting Facility (TRUF) arranged by Merrill Lynch Capital Markets for the Bahrain-based ALUBAF Arab International Bank (MEES, 29 July) is due to be signed on 5 August, with two of its four lead managing underwriters being Kuwaiti institutions. Burgan Bank and Kuwait International Investment Company (KIIC), together with Finland's Kansallis-Osake-Pankki and Union de...