Middle East Economic Survey

VOL. XLVII

No 39

27-September-2004

REGIONAL BANKING

BankMuscat And WestLB Launch $40Mn Loan For Alliance Housing Bank

BankMuscat and WestLB, London branch, announced earlier this month that a $40mn, three-year syndicated term loan facility for Omans Alliance Housing Bank has been launched into general syndication. The facility carries a margin of Libor plus 70bps per year and a commitment fee of 28bps. Alliance has taken out the loan for general corporate purposes....