Bullet-proof loan sector shrugs off Arab Spring fears

Continuing uncertainty over the final outcome of the Arab Spring uprisings is not deterring international banks from arranging and investing in loans from those countries embroiled in the unrest.

  • 02 Sep 2011

Bahrain Telecommunications Company (Batelco) is putting an $850m M&A financing in place, while Egyptian conglomerate Orascom is also in the market, according to bankers.

Citi is coordinating an $850m loan to finance Batelco’s $950m cash bid for a 25% stake in mobile operator Zain Saudi. The loan is split ...

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2 Citi 5,781 17 11.29
3 BNP Paribas 3,530 14 6.89
4 Barclays 2,853 9 5.57
5 Credit Suisse 2,783 8 5.44

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5 Credit Suisse 41,885.89 127 5.55%