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

2020 Annual General Meeting
MORE
ila Bank Bahrain appoints Chief Executive Officer
MORE
Bank ABC Announces 2019 Results Net Profit of US$194 Million, Attributable to the Shareholders of the Parent
MORE