Kuwait’s Warba Bank signs $400m debut

Kuwait_230
By Bianca Boorer
12 Dec 2017

Warba Bank has successfully made its debut in the international loan market with an oversubscribed $400m syndicated facility provided by 16 banks.

Abu Dhabi Commercial Bank, Boubyan Bank, First Abu Dhabi Bank and Bank ABC were mandated lead arrangers.

The facility was closed at a signing ceremony in Kuwait on Sunday. Since its launch at $250m it received double that amount in commitments. These were scaled back to $400m. ...

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