Arab Bank plc - US$500,000,000 syndicated term loan facility.

Middle East and North Africa Business Report, July, 2007

Jul. 8--Arab Bank plc has mandated CALYON Credit Agricole CIB ("CALYON"), HSBC Bank Middle East Limited and J.P. Morgan plc ("JPMorgan") (together the "Underwriting Mandated Lead Arrangers") to arrange a fully underwritten USD 500 million five year Term Loan.

The facility represents the first syndicated debt market financing ever undertaken by Arab Bank in its 77 year history. The move comes in line with the Bank's strategy aiming at diversifying funding resources and the efficient management of its assets and liabilities. CALYON, HSBC Bank plc and JPMorgan will also act as Bookrunners for this debut transaction.

Arab Bank was established in 1930 as the first private sector financial institution in the Arab World. Based in Amman, Jordan, Arab Bank...