VOL. XLVII

No 02

12-January-2004

CAPITAL MARKETS

KUWAIT

GIB To Arrange And Underwrite $100Mn Loan For Kuwaiti Company

Bahrain-based Gulf International Bank (GIB) has been mandated to arrange and underwrite a $100mn syndicated term loan facility for the Commercial Facilities Company, a consumer finance company based in Kuwait. The four-year loan carries an interest rate of 0.95% over Libor and will be used for general corporate purposes, said GIB. The amount has been successfully raised, added GIB,...