UASC Loan Signed
Gulf International Bank (GIB) announced on 11 June that United Arab Shipping Company(UASC) had signed a seven-year $250mn loan facility to part finance the costs of buyingten new container vessels. The loan was priced at 37.5bps over LIBOR and will be repaid in11 equal semi-annual installments 24 months from signing. The deal was underwritten byGIB, Arab Banking Corporation (ABC), and National Bank of Kuwait. The co-arrangers wereNational...