Financial and Banking News
ABC Takes $150Mn Loan
Bahrain-based Arab Banking Corporation (ABC) has signed a term loan facilityfor $150mn to be used for general corporate purposes, the bank announced on 27July. The loan has a maturity of three years and nine months and carries amargin of 50 basis points (0.5%) over Libor. Participation fees are 30bp (0.3%)for lead managers, 27.5bp (0.275%) for managers and 25bp (0.25%) forco-managers.
The facility was...
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