VOL. XLI
No. 20
18-May-1998
BAHRAIN
ABC Loan Raised To $250Mn
MEES understands that the term loan to Bahrain-based Arab Banking Corporation(ABC) was raised from $200mn to $250mn and that the pricing on the loan was 35bps overLibor. The pricing represents a strong vote of confidence in ABC. Bankers in the Gulf saythat ABC's readiness to stand behind its subsidiary International Bank of Asia in theearly stages of the Southeast Asian crisis, the relationship benefits to be derived fromkeeping both...
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