VOL. XLI

No. 21

25-May-1998

BAHRAIN

BIB Mandates Five Banks To Arrange $100Mn Term Loan

Banque Nationale de Paris, Chase Manhattan, Gulf International Bank, ING Barings andSociete Generale have won a mandate to arrange $100mn as a syndicated loan for BahrainInternational Bank (BIB). The tenor of the loan is three years and the pricing is 70bpsover Libor. The loan will refinance an existing issue of floating rate notes (FRN) and asecured floating note which fall due later this year and will be...