Financial and Banking News

Regional Financing

Banks Line Up For Kufpec Loan

Two main groups are bidding to arrange a $50mn-75mn loan for Kuwait ForeignPetroleum Exploration Company (Kufpec). One group consists of Barclays, GulfBank, Gulf International Bank and Arab Petroleum Investments Corporation (Apicorp).The second group comprises Burgan Bank, Chase and National Bank of Kuwait.Chemical Bank and Citibank are reported to have shown some interest in the...