Financial and Banking News


ABC Wins Korean Mandate 

Arab Banking Corporation (ABC) is among 10 banks mandated to raise a $300mn eight-year credit for the Export-Import Bank of Korea (KEXIM). ABC is acting as Middle East coordinator on the deal, which has a three-year grace period and a spread over Libor of 0.625% for the first six years, rising to 0.75% for the final two years. The loan has a front end fee of 0.75%, and a commitment fee of 0.375%, with a one-year...