Middle East Economic Survey
KIPCO Obtains $100Mn In Syndicated Loan
Kuwait Projects Company (KIPCO) announced on 9 December that it had closed its first syndicated term loan facility. The three-year 125 bps over Libor loan, originally set at $60mn (MEES, 6 December), was oversubscribed at $100mn due to regional and international demand. The company said that final regional distribution of the syndication was as follows: Middle East 50%, Europe...