PHOTO
Dubai based Emirates NBD Bank has launched a $700 million seven-year bullet term loan to lenders in Asia.
The deal offers an interest margin of 100 basis points over term SOFR and a $200 million accordion option.
Mizuho Bank is the coordinator, mandated lead arranger, bookrunner, underwriter and facility agent of the deal, IFR reported.
The availability period is 30 days.
Emirates NBD, rated A+ (Fitch), obtained a $1.5 billion three-year loan from 15 banks in March 2024.
(Writing by Brinda Darasha; editing by Daniel Luiz)
