Financial and Banking News
Gulf Bank Provides $100mn for Indian Oil Imports
Kuwait's Gulf Bank has arranged a $100mn loan for the Indian Oil Corporation,which will use the money to finance oil imports. The loan is for 180 days and isa new facility. In early 1992, Gulf Bank arranged a similar $50mn facility forthe Indian Oil Corporation. This has now been repaid. In addition to theseloans, the bank has arranged a number of letter of credit...
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