VOL. XLIII

No. 29

17-July-2000

BANKING

GIB Secures $400Mn Syndicated Facility From International Consortium For General Purposes

Gulf International Bank (GIB) announced on 10 July that it had secured a $400mn syndicated loan arranged by a consortium of six banks. These are: Bank of Tokyo-Mitsubishi; Barclays Capital; Citibank; Commerzbank Aktiengesellschaft (Facility Agent); HSBC Investment Bank; and National Bank of Abu Dhabi. According to a statement from GIB, strong appetite for the loan...