Financial and Banking News
GIB Leads $104mn Loan For Arabsat
Bahrain-based Gulf International Bank (GIB) has arranged a $104mn loan toArabsat. The money will cover 40% of the costs of two second generationsatellites to be built by France's Aerospatiale, the insurance and launch of thefirst satellite in early 1996 and the storage of the second satellite until itslaunch. The remaining $254mn will be provided in cash by Arabsat.
GIB is the agent...