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Global seeks $410m for NBQ stake
- Kuwait: Saturday, September 06 - 2008 at 08:54
Kuwait's Global Investment House is seeking $410m syndication three-year term loan to back its acquisition of a 20% stake in National Bank of Umm Al Quwain (NBQ), Reuters has reported. Lenders are invited to commit to the financing on four tickets of $30m, $20m, $10m or $5m, for fees of 120 bps, 100 bps, 85 bps or 75 bps respectively.
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Medilyn Manibo, Assistant News EditorSaturday, September 06 - 2008 at 08:54 UAE local time (GMT+4)
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