Middle East Economic Survey
VOL. XLVIII
No 19
9-May-2005
kuwait
NIG Launches $100Mn Loan Facility
National Industries Group Holding (NIG) on 3 May launched a $100mn three-year amortizing term loan facility. Gulf International Bank (GIB) and WestLB AG (London Branch) are the mandated lead arrangers. The facility pays a margin of 115 bps over Libor and the proceeds will be used by NIG for general corporate purposes. Listed on the Kuwaiti Stock Exchange, NIG is a shareholding company with investments...
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