Proceeds of the Facility will be used for general funding purposes and the transaction will carry a margin of 45 basis points per annum plus front-end fees.
Al Ahli Bank of Kuwait K.S.C. was incorporated in 1967 and is listed on the Kuwait Stock Exchange where its shares actively trade. It has fourteen branches in Kuwait, plus one in Dubai and is a full service bank serving retail and corporate customers.
Arab Banking Corporation (B.S.C.) and HSBC Bank plc will act as Joint Bookrunners while HSBC Bank plc will act as the Facility and Documentation Agent.
Syndication is due to be launched shortly.
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Al Ahli Bank of Kuwait K.S.C. in USD100,000,000 syndicated term loan facility
- Kuwait: Sunday, August 31 - 2003 at 15:03
- PRESS RELEASE
Arab Banking Corporation (B.S.C.) and HSBC Bank plc are pleased to announce that they have been mandated to arrange and syndicate on behalf of Al Ahli Bank of Kuwait K.S.C a debut three-year USD100 million term loan facility (the 'Facility').
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Notes and media contacts
For further enquiries, please contact either of the following:Arab Banking Corporation (B.S.C.)
John McWall
Tel. +973 543967
HSBC Bank plc
Kate Hayes
Tel. +44 2079911671
Posted by Anne-Birte Stensgaard, Senior News EditorSunday, August 31 - 2003 at 15:03 UAE local time (GMT+4)
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