VOL. XLI
No. 29
20-July-1998
BAHRAIN
BMB Considers A Syndicated Facility
Sources in Bahrain have confirmed that Bahrain Middle East Bank (BMB), one of thesmaller offshore banks domiciled on the island, may shelve plans to issue a $100mn,five-year bond and opt for a five-year syndicated loan instead. After announcing planslast October to approach the bond market to finance the bank's long-term investmentprojects (MEES, 13 October 1997), MEES was told that BMB "no longerfeels that the market...
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