MANAMA, BAHRAIN: Gulf International Bank (GIB) has successfully closed a $625 million sustainability-linked syndicated loan (SLL), making GIB the first Bahrain-headquartered bank and the first majority Saudi-owned bank to close such a facility. The deal was well received in the international markets and substantially over-subscribed with commitments exceeding the initial facility amount of USD 500…
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Iberia and Vueling sign syndicated loan agreements
LONDON: International Airlines Group (IAG) announces that IBERIA LÍNEAS AÉREAS DE ESPAÑA S.A. OPERADORA, SOCIEDAD UNIPERSONAL (“Iberia”) and VUELING AIRLINES, S.A. (“Vueling”) have signed syndicated financing agreements for €750 million and €260 million respectively. The banks involved in the syndicated agreement will ask the Instituto de Crédito Oficial (ICO) to grant guarantees for these loans…