Thirteen banks joined at syndication. They were Baden Wurttembergische Bank
, Bank Austria Creditanstalt
, Bank fuer Arbeit und Wirtschaft
, Bank of Tokyo-Mistubishi
, Commercial Bank of Qatar
, First Commercial Bank
, First Gulf Bank
, Gulf International Bank (GIB)
, International Bank of Qatar
, Raiffeisen Zentralbank Osterreich Aktiengesellschaft
, Sanpaolo IMI Bank Ireland
, Sumitomo-Mitsui Banking Corporation
and Tunis International Bank
Several other syndications in the market have attracted strong interest.
A $40 million loan for Alliance Housing Bank
, lead arranged by Bank Muscat
and West LB
, closed oversubscribed on 20 October. Syndication was due to be launched in mid-October on a $150 million facility for Ahli United Bank London
, lead arranged by Commerzbank
, and syndication is scheduled to be launched imminently on a $150 million facility for Bank of Kuwait & the Middle Eas
t, lead arranged by ABC, GIB and Commerzbank.
Second-tier syndication is also under way on a $400 million facility for ABC, managed by a 14-strong lead arranging group (MEED 8:10:04).