NO. 17


Financial and Banking News

Regional Financing

Sumitomo Brings New Faces To ABC Syndication

The $100mn three-year loan for Bahrain-based Arab Banking Corporation (ABC)has been over-subscribed, although there are no plans to increase the amount.The loan is priced at 3/8% over Libor with fees of 22.5bp for lead managers and17.5bp for the rest. The facility is due to be signed in early February. Thedeal attracted a wide range of institutions, some of which are...