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US$150 Million Senior Unsecured Term Loan Facility for Banco ABC Brasil
2015-06-24
Banco ABC Brasil S.A. acting thorough its Cayman Islands Branch has mandated Bank ABC, HSBC Securities and National Bank of Abu Dhabi PJSC (“NBAD”) as Initial Mandated Lead Arrangers and Bookrunners to arrange on its behalf a US$150 million Senior Unsecured Term Loan Facility (the “Facility”), to be used by Banco ABC Brasil for general funding purposes.  The Facility has a tenor of 2 years and pays a margin of L+150bps.

Banco ABC Brasil has also appointed Bank ABC, HSBC and NBAD to act as coordinators for this Facility.

Syndication of the Facility has been launched and is expected to close by end of July 2015.


Borrower Information  
Banco ABC Brasil a subsidiary of Bank ABC (incorporated as Arab Banking Corporation B.S.C.), strongly focuses on providing loans and structured products to midsized and large companies. Its strategy is based on growing the profitability per client in the corporate segment through increasing cross-selling of products as well as growing the number of clients in the midsized business segment. The main products Banco ABC Brasil offers are loans denominated in BRL and foreign currencies, trade finance, underwriting and structuring advisory services for capital markets transactions, BNDES on lending transactions, M&A transactions and treasury products. Banco ABC Brasil has a large portfolio of products, agile decision-making and deep expertise in credit analysis, which has enabled him earn consistent results, with loss ratios notably low.  It is one of the only Brazilian banks with international control and local autonomy. The Bank has built over the last 25 years a solid customer base, offering financial products with higher added value and tailored to specific needs.

 

The Controlling Shareholder
Bank ABC is an international bank founded in 1980 headquartered in Manama, Kingdom of Bahrain. Its network of operations across 17 countries covers the Middle East and North Africa, Europe, Americas and Asia. Specialized in offering financial products and services Trade Finance, Treasury, Structured Finance, Syndicated Loans, Corporate & Institutional Banking and Islamic Finance, Bank ABC is also expanding its retail network in the Middle East and North Africa.

Announcements

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