NO. 16


Financial and Banking News

Regional Financing

Financings For Oman, Kuwait's PIC And Qatar Move Ahead

The Sultanate of Oman has mandated Gulf International Bank (GIB), ChaseManhattan, Bank of Tokyo (BOT) and Commerzbank to underwrite a $300mn generalpurpose loan. The loan will be for five years with a final maturity of fiveyears, including 3 1/2 years' grace. Repayments of one sixth of the principalamount will be made at six monthly intervals with a final balloon...