PHOTO
18 July 2016
Commercial Bank has signed a debut $166mn three-year Ninja Loan facility, which is the first one for a GCC financial institution.
Ninja Loans are for non-Japanese companies primarily consisting of investors in Japan.
Seven financial institutions have participated in the transaction.
Mizuho Bank Ltd acted as sole co-ordinator, sole bookrunner and mandated lead arranger, documentation agent, signing agent, publicity agent and facility agent.
Agricultural Bank of China Seoul Branch, State Bank of India, and Bank of Taiwan Tokyo Branch were mandated lead arrangers. The Gunma Bank Ltd and The Shizuoka Bank were lead arrangers, and Fuyo General Lease (HK) was an arranger.
Commercial Bank said, "The facility attracted strong level of interest during syndication and was upsized from the original $100mn launch amount despite challenging banking sector conditions in the Middle East. The proceeds from the facility will be used for general corporate purposes."
Commercial Bank has signed a debut $166mn three-year Ninja Loan facility, which is the first one for a GCC financial institution.
Ninja Loans are for non-Japanese companies primarily consisting of investors in Japan.
Seven financial institutions have participated in the transaction.
Mizuho Bank Ltd acted as sole co-ordinator, sole bookrunner and mandated lead arranger, documentation agent, signing agent, publicity agent and facility agent.
Agricultural Bank of China Seoul Branch, State Bank of India, and Bank of Taiwan Tokyo Branch were mandated lead arrangers. The Gunma Bank Ltd and The Shizuoka Bank were lead arrangers, and Fuyo General Lease (HK) was an arranger.
Commercial Bank said, "The facility attracted strong level of interest during syndication and was upsized from the original $100mn launch amount despite challenging banking sector conditions in the Middle East. The proceeds from the facility will be used for general corporate purposes."
© Gulf Times 2016
