Arab Banking Corporation (B.S.C.) (“ABC” or the “Company”) announced that it has mandated HSBC, National Bank of Abu Dhabi PJSC, Natixis and Sumitomo Mitsui Banking Corporation as Bookrunners and Initial Mandated Lead Arrangers (the “Bookrunners”) to arrange on its behalf a $500 million term loan facility (the “Facility”), to be used by ABC for general funding purposes.
The Facility carries a tenor of 3 years and pays a margin of L+120bps.
ABC has also appointed HSBC to act as coordinating bank for this Facility. Deutsche Bank AG, London Branch, SociétéGénérale, Standard Chartered Bank and The Royal Bank of Scotland plc have pre-committed to the Facility prior to the launch of the general syndication as Mandated Lead Arrangers.
Syndication of the Facility was launched this morning.
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