VOL. XLIII

No. 23

5-June-2000

OMAN

Oman International Bank Raises $100Mn Loan

Oman International Bank (OIB) announced on 29 May that it had signed a $100mn loan with a consortium of four international banks Credit Lyonnais, Bank of Tokyo-Mitsubishi, Bayerische Landesbank and Arab Banking Corporation. The banks Deputy General Manager told Reuters that the five-year facility was priced at 52.2bps over Libor and would be used to "finance local projects and pay off short-term loans to correct...