Financial and Banking News
Chemical Bank Arranges $100mn Term Loan For ABC International Bank
London-based ABC International Bank has raised a $100mn five-year loan, whichwill be used for general funding purposes. The facility was arranged byChemical Bank, and 16 other banks participated in the syndication. The margin is62.5 bp over Libor with participation fees ranging from 12.5 bp to 20 bp.Signing was on 28 May.
The facility is the first major...