VOL. XXXVI

NO. 34

24-MAY-1993

Financial and Banking News

REGIONAL FINANCING

Kuwait To Seek More US Export Credits

The Kuwaiti authorities are about to invite four US banks to bid for amandate to arrange a package of US export credits. The facility is unlikely tobe larger than $500mn. MEES understands that invitations will go to ChaseManhattan, Chemical, Citibank and Morgan Guarantee Trust - four US banks whichparticipated in the $5.5bn balance of payments financing signed in December1991. On this...