iPhone | iPad
Android
Huawei
Pakistan captain Shan Masood said they knew how to neutralise England's aggressive style
KT APPDOWNLOAD
ABC and CCIB to arrange $160m term debt facility
ABU DHABI — Bahrain-based Arab Banking Corporation (ABC) and Calyon Corporate and Investment Bank (CCIB) have been mandated jointly to arrange and underwrite a $160 million term debt facility for Kuwait's Alafco Aviation Lease and Finance Company.
Syndication has been launched for the 12-year Term Loan Facility for Alafco. The purpose of the facility is to part-finance the acquisition of five new boeing B737-800 aircraft leased to and operated by Turkish Airlines Inc. Alafco was first launched in 1992 as a subsidiary venture of Kuwait Airways Corporation.
The deal is likely to be concluded in two weeks. In 1999, Kuwait Finance House (KFH) acquired a controlling stake of the company. ALAFCO's main shareholders are Kuwait Finance House, which has 53 per cent share, and Kuwait Airways 11 per cent.
Meanwhile, Arab Banking Corporation has closed $67 million Syndicated Term Debt Finance Facility, for a 10.5 year term loan facility for IceSing ehf.
The facility is used to part finance the acquisition and lease to Singapore Airlines Cargo (SIA Cargo) of a Boeing B747F aircraft.
Launched on selective basis and received strong support from regional and international bank market with the facility being oversubscribed by 30 per cent.
The Arab Banking Corporation (ABC) was the Mandated Lead Arranger, Underwriter and Bookrunner while lead arrangers included Abu Dhabi-based First Gulf Bank, Arab Bank Plc. Singapore Branch and Norddeutsche Landesbank Girozentrale.
More news from
With this, the number of drug-related killings in Marseille has risen to 17 since the start of the year
The soon-to-be-introduced personal wearable smart tracking device from Samsung is designed to be your constant companion for all things health and fitness
Find the UAE-based singer's original songs on Spotify and Apple Music
Tel Aviv earlier announced that it was preparing a response to missile attacks on its territory
Change in law has created new wave of holiday homeowners
Kovacic, filling in for the injured Rodri, struck either side of half-time to settle City's nerves
The met had warned yesterday of heavy rain and thunder as the country will experience surface low pressure, causing rainfall over the next few days