NO. 5


Financial and Banking News

Loans & Issues

$5bn Loan to Kuwait Oversubscribed

J.P. Morgan, which has been mandated to coordinate a $5bn loan for Kuwaitireconstruction after the Gulf War, announced at the end of October that theloan has been considerably oversubscribed, attracting commitments of $6bn from24 banks in Japan, the US, the Middle East and Europe. The lead managers areArab Banking Corporation, Bank of Nova Scotia, Bank of Tokyo, Banque Indosuez,Banque...