VOL. XL

No. 11

17-March-1997

EGYPT

$100Mn Syndicated Loan For CIB

Chase Investment Bank and Union Bank of Switzerland will arrangea three-year $100mn syndicated loan for Commercial International Bank (CIB) of Egypt. Thepricing on the deal - reportedly the first time in 15 years that an Egyptian institutionhas come to the market for a syndicated loan - will be 40bps over LIBOR. CIB's managingdirector, Mr. 'Adil al-Labban, said that the syndicated loan route was the preferredoption because it...