NBO picks top GCC banks to arrange $300mln loan

The new lenders shall accede to the facility in August via an amendment and syndication agreement

  

National Bank of Oman said it has mandated Bank ABC and Emirates NBD Capital Limited (each an "Initial Mandated Lead Arranger" and "Bookrunner" together as “IMLABs”) to arrange on its behalf a $300 million syndicated term loan facility.

The facility has a tenor of three years, and the proceeds of the facility shall be utilised for NBO’s general corporate purposes.

General Syndication was launched yesterday (July 23) with regional and international banks invited for participation.

The new lenders shall accede to the facility in August via an amendment and syndication agreement, said the statement from the bank.

Emirates NBD Capital (EmCap) is a leading regional investment bank offering customised advisory and capital financing solutions. EmCap is a DFSA regulated entity based in the Dubai International Financial Centre.

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