Financial and Banking News
LOANS AND ISSUES
GIB and ABC Have Active Loan Calendar
Despite the general slowdown in syndicated lending by Arab banks (see article on page B1), both GIB and ABC have been involved in moderately heavy activity in this sector during the past month. GIB was the sole mandated bank for a pre-export financing of up to $50mn for a leading Turkish bank, Yapi ve Kredi Bankasi.The facility has a maximum lifetime of 14 months with a 1.125% spread over Libor and a 0.25%...