Kuwait’S Boubyan Bank Receives $500M Loan From Asian Banks Including Mizuho, Mufg

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Boubyan Bank has received a $500 million three-year loan from a group of five Asian banks, the Kuwaiti lender said in a bourse filing. The murabaha facility was taken at a profit rate of 90 basis points over USD LIBOR, Boubyan Bank said in the filing published on Sunday and dated Dec. 16. “The murabaha finance will enhance the bank’s financing requirements and liquidity ratios,” Boubyan Bank said.