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| 05 August, 2018

UAB issues $185mln syndicated financing facility

The transaction was arranged by Bank ABC, Commerzbank as well as Emirates NBD Capital Limited

Image used for illustrative purpose.
An employee of the Korea Exchange Bank counts one hundred dollar notes at the bank's headquarters in Seoul January 6, 2010.

Image used for illustrative purpose. An employee of the Korea Exchange Bank counts one hundred dollar notes at the bank's headquarters in Seoul January 6, 2010.

REUTERS/Choi Bu-Seok

United Arab Bank (UAB) has announced that it has successfully secured $185 million syndicated term financing facilities.

In a statement, UAB said that the facilities were initially launched at $150 million and due to an oversubscription, the facility closed at $185 million.

The transaction was arranged by Bank ABC, Commerzbank as well as Emirates NBD Capital Limited as mandated lead arrangers and bookrunners.

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Additionally, Emirates NBD Capital Limited acted as coordinating bank and documentation agent and Emirates NBD Bank was the global facility agent.

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