VOL. XLVII

No 14

05-April-2004

REGIONAL BANKING

GIB Signs $100Mn Loan Deal With Commercial Facilities Company

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