Burgan Bank has obtained a USD350mn loan facility that the bank intends to use for general financing purposes, Kuwait-based lender says in statement to stock exchange. The loan pays an interest rate of Libor+95bps per year. The facility was arranged by HSBC, FAB, Commerzbank, Standard Chartered, Citibank, Mizuho Bank and Wells Fargo.
Burgan Bank: KWD0.28 as of 22 Mar. 2018, Rating: Neutral, TP: KWD0.31/share, MCap: USD2,023mn, BURG KK/BURG.KW
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