VOL. XLVI

No 50

15-December-2003

REGIONAL BANKING

Commercial Bank of Kuwait Secures $250Mn Syndicated Loan

Arab Banking Corporation (ABC) and Sumitomo Mitsui Banking Corporation Europe announced on 9 December that they have been mandated to arrange and syndicate a three-year $250mn term loan facility for Commercial Bank of Kuwait (CBK). The loan, which is to be used for general funding purposes, will carry a margin of 40 bps per annum plus front-end fees. The senior stage of syndication was...