Financial and Banking News

LOANS AND ISSUES

Arab Bank Leads Jordanian and Soviet Deals 

Jordan's Arab Bank - through its London subsidiary the Arab Bank Investment Company - has been mandated, along with Midland Bank and Morgan Grenfell, to arrange an ECGD-linked financing package worth 270mn ($372mn) to pay for the Jordanian government's imports of armaments from the UK. The ECGD element in the deal will reduce the average cost of funds for the borrower to the 8-9% range,...