Kuwait

Kuwait

The $125m three year term loan for National Industries Group is to be signed on December 18. The loan, being arranged by BNP Paribas and West LB, is oversubscribed and bookrunners expect an increase.

The loan, which pays a margin of 80bp, will refinance existing debt and be used for general corporate purposes.

National Industries Group is the holding company of a number of diversified industrial and financial organisations in the Middle East, Europe and North America. It has 100% ownership of several companies including Kuwait Cement and International Bank of Kuwait.

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