VOL. XLI

No. 33

17-August-1998

BAHRAIN

BIB Signs $100Mn Syndicated Loan

Bahrain International Bank (BIB) announced that it had signed a $100mn syndicatedfacility on 11 August for the re-finance of various facilities including a floating ratenote and a secured floating note which will fall due later this year. The three-year loanis priced at 70bps over LIBOR and according to a company statement was well received bythe market. The facility was fully arranged and underwritten by Banque Nationale...