VOL. XLVI

No 38

22-September-2003

REGIONAL BANKING

Al-Ahli Receives $100Mn Syndicated Loan From ABC, HSBC

Arab Banking Corporation (ABC) and HSBC Bank have announced that they have been mandated to arrange and syndicate on behalf of Al-Ahli Bank of Kuwait a debut three-year $100mn term loan facility. Proceeds will be used for general funding purposes and the transaction will carry a margin of 45bps per annum plus front-end fees. ABC and HSBC will act as Joint bookrunners, while HSBC Bank will act...