VOL. XLVII

No 09

01-March-2004

REGIONAL BANKING

GIB Provides $100Mn Loan To Commercial Facilities Company

Gulf International Bank (GIB) and Kuwait-based Commercial Facilities Company (CFC) signed a $100mn syndicated term loan facility that has been arranged and fully underwritten by GIB. The four-year loan pays a margin of 0.95% over Libor and will be used for general corporate purposes. The amount has been successfully raised and GIB has been joined by a number of local, regional and...