Home Business & Finance Pakistan’s US$ 500 Million Syndicated Financing attracts 40% oversubscription

Pakistan’s US$ 500 Million Syndicated Financing attracts 40% oversubscription

0

DUBAI: Pakistan successfully concluded its US$ 500 Million Syndicated Term Loan and Murabaha Financing Facility (the “Facility”) on July 25th 2019. The global syndication of Facility attracted more than 40% oversubscription driven by strong demand from local, regional and international investors. 

Emirates NBD Capital Limited acted as the Global Coordinator on the Facility. The transaction was fully subscribed by 12 banks.

Commercial Bank of Dubai, Emirates NBD, Noor Bank, Allied Bank, Dubai Islamic Bank, First Abu Dhabi Bank, Mashreq Bank and Sharjah Islamic Bank acted as the Initial Mandated Lead Arrangers and Bookrunners.

Samba Financial Group acted as a Lead Arranger, and Bank of Jordan, Habib Bank Limited and Union De Banques Arabes Et Francaises as Arrangers. News Desk

Load More Related Articles
Load More By editor
Load More In Business & Finance

Check Also

Norway pledges US$430 million to Global Partnership for Education “Raise Your Hand” campaign

WASHINGTON D.C./OSLO: The Global Partnership for Education (GPE) received over US$450 mill…