News Column

Bahrain : ABC launches Syndication $500 million loan facility

July 4, 2014

As per the report, Bahrain-based Arab Banking Corporation (ABC) declared that, on 3 July, Syndication for a $500 million term loan facility was set up.

The bank also added that, for general funding purposes, it authorized HSBC, National Bank of Abu Dhabi, Natixis and Sumitomo Mitsui Banking Corporation as book runners and initial mandated lead arrangers to arrange the loan, and will be utilized by ABC.

Additionally, HSBC has also been selected by ABC to serve as co-ordinating bank for the facility.

Before to the set up of the of the general syndication as mandated lead arrangers, Deutsche Bank AG, London Branch, Soci t G n rale, Standard Chartered Bank and The Royal Bank of Scotland have pre-committed to the installation.

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Source: TendersInfo (India)

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