VOL. XLVII

No 12

22-March-2004

KUWAIT

REGIONAL BANKING

Oversubscription Prompts CBK To Increase Loan Facility

Following significant oversubscription, a syndicated loan facility for Commercial Bank of Kuwait (CBK) was increased to $300mn from the $250mn launch amount, announced mandated lead arrangers (MLAs) Arab Banking Corporation (ABC) and Sumitomo Mitsui Banking Corporation Europe. The three-year loan was priced at 40 bps over libor and is being used to refinance an existing CBK loan.

There was...