Financial and Banking News

Regional Financing

Sumitomo Makes Its Mark In Gulf Syndications Market

The London office of Sumitomo Bank is in the process of finalizing threeloans for Gulf borrowers: the State of Qatar, Arab Banking Corporation (ABC) andAluminium Bahrain (Alba). The Qatar loan is in general syndication and signinghas been scheduled for 24 December in Doha. The deal is expected to beoversubscribed.

The ABC loan is for $100mn and is priced at 37.5bp...