MIDDLE EAST

07 Jun 2007

Bahrain

Arab Bank, BNP Paribas, Citigroup, Fortis Bank, HSBC, NCB and Samba have launched syndication of a $2.5bn, five year loan for property, finance and development group Saad.

Banks are being offered $150m tickets for 55bp over Libor. Proceeds will finance the group’s expansion plans.

Saad is 90% ...

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