Middle East Economic Survey
VOL. XLVII
No 49
6-December-2004
CAPITAL MARKETS
KIPCO Arranges $60Mn Three-Year Syndicated Term Loan
Kuwait Projects Company (KIPCO) announced on 30 November the conclusion of a deal for a $60mn three-year term syndicated loan carrying interest of 125 bps over Libor. Mandated lead arrangers for the loan are Arab Bank of Bahrain, HSBC Bank, and the Arab Investment Company of Bahrain. The term loan is expected to improve KIPCOs institutional lending base, extend the...
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