Gulf re-opening for loans on Zain’s $1.5bn deal

Kuwaiti mobile phone company, Zain, is talking to banks about a $1.5bn syndicated loan, according to a banker familiar with the deal. The deal could re-open the Gulf for big-ticket deals.

  • 23 Sep 2010

“It’ll get a lot of interest,” said the senior loans banker in London. “There’s a lot of liquidity in the market.”

This deal could be the first of a flurry of big money deals from the Middle East before the end of the year. At least one other ...

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