VOL. XXXVI

NO. 52

27-SEPTEMBER-1993

Financial and Banking News

REGIONAL FINANCING

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...