Middle East Economic Survey
Refinancing Of BMBs $75Mn Syndicated Loan Facility
BMB Investment Bank announced on 14 December that it had signed an agreement with its group of medium- term lenders to refinance its $75mn syndicated loan facility. The facility, which matured in December 2002, has been in refinancing negotiations since September 2002 (MEES, 23 June 2003). BMB also declared it will proceed to augment its capital and liquidity...