Skip Ribbon Commands
Skip to main content

USD 500,000,000 Term Loan Facility for Arab Banking Corporation (B.S.C.)
2014-07-03
We are pleased to announce that the Arab Banking Corporation (B.S.C.) (“ABC” or the “Company”) 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 USD 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, Société Générale, 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. 

Announcements

Bank ABC announces Q3 and Nine Months 2021 results with a Year-to-Date net profit of US$80 million attributable to the shareholders of the parent
MORE
Bank ABC expands presence in Egyptian market by closing the acquisition of BLOM Bank Egypt
MORE
Bank ABC announces 1H 2021 results with a net profit of US$55 million attributable to the shareholders of the parent
MORE