NO. 4


Financial and Banking News

Regional Financing

GIB and Indosuez Arrange Airbus Pre-financing for Gulf Air

Gulf International Bank (GIB) and Banque Indosuez have jointly arranged a$36mn pre-delivery downpayment for Gulf Air's purchase of six Airbus A340s. Sixequal amounts will be payable on each of the aircraft, three of which are duefor delivery in 1994, one in 1995 and two in 1996. The two banks will providethe money on a equal basis.

Banque Indosuez has a strong...