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United Arab Emirates : ARAB BANKING CORPORATION announces $500,000,000 term loan facility

July 4, 2014

Arab Banking Corporation (ABC) has assigned HSBC, National Bank of Abu Dhabi PJSC, Natixis and Sumitomo Mitsui Banking Corporation as Bookrunners and Initial Mandated Lead Arrangers to organize on its behalf a $500 million term loan facility, to be utilized by ABC for general financing purposes.

The Facility brings a tenor of 3 years and pays a margin of L+120bps. In addition, ABC has selected HSBC to serve as coordinating bank for this Facility.

Deutsche Bank AG, London Branch, Societe Generale, Standard Chartered Bank and The Royal Bank of Scotland plc have pre-pledged to the Facility prior to the introduce of the general syndication as Mandated Lead Arrangers.

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Source: TendersInfo (India)

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