BMLASBarbados Mutual Life Assurance Society
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First Gulf Bank PJSC (FGB) has been mandated by Mercuria Energy Trading Pte Ltd, one of the world's largest independent energy traders, as one of 11 international Bookrunning Mandated Lead Arrangers (BMLAs) to arrange its $500 million Syndicated Revolving Credit Facilities (RCF).
Andre' Sayegh, CEO of FGB said: "By appointing First Gulf Bank as one of the international BMLAs and the only mandated bank from the Gulf region for the RCF, the Mercuria Energy transaction has reaffirmed our position as a major leading financial institution in the Gulf region.
The Barbados Mutual Life Assurance Society (BMLAS) -- the island's oldest and largest insurance company with assets of Bds$817.6 million (US$408.8 million) -- plans to expand its business in Latin America and has targeted Panama as its point of entry, reports CANA (May 30, 1998).