Brunei debuts in international debt markets with loan deal

The launch of the loan comes after almost a year since the banks were mandated for the deal in October 2001.

For the first time since its formation in January 1984, the Ministry of Finance of the Sultanate of Brunei made its debut in the international debt markets yesterday Monday. ABN AMRO, BNP Paribas and HSBC, acting as mandated arrangers, launched a $250 million five-year loan into sub-underwriting.

The loan brings Brunei a step closer to its goal of establishing itself in the international financial community and developing its profile in the regional and international finance and capital markets. In May this year, the Ministry of Finance granted a licence for the establishment of the sultanate's first securities exchange, International Brunei Exchange IBX, a company registered in Brunei, but wholly owned by...

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