Skip Ribbon Commands
Skip to main content

US$750 Million Term Loan Facility for Arab Banking Corporation (B.S.C.)

Arab Banking Corporation (B.S.C.) (“ABC”) is pleased to announce the successful closing of a US$ 750,000,000 Syndicated Term Loan Facility (the “Facility”). The Initial Mandated Lead Arrangers and Bookrunners are HSBC Bank Middle East Limited, National Bank of Abu Dhabi PJSC, Natixis and Sumitomo Mitsui Banking Corporation. National Bank of Abu Dhabi is the Facility Agent and HSBC acted as the Coordinating Bank.

The three year Facility will be used for general corporate funding purposes and carries a margin of 120 basis points over LIBOR.

Syndication was launched in an initial amount of US$500,000,000 and closed significantly oversubscribed, raising in excess of US$800,000,000 from 17 leading international and regional banks. 

Closing was marked by a signing ceremony at the Capital Club, DIFC, Dubai on Thursday August 14, 2014. The ceremony was attended by ABC’s Executive Vice President and Group Chief Banking Officer, Mr. Ray Ferguson and members of ABC’s executive management team. At the signing ceremony, Mr. Ferguson, commented: ”We are delighted by the success of this syndication and extremely appreciative of the strong demonstration of support for ABC we have received from the 17 leading institutions in the bank market who have joined in this important transaction. The banks here today represent financial institutions from across Europe, North America, Asia and the Middle East.”

On behalf of the Mandated Lead Arrangers Mr. Jonathan Robinson, Regional Head of Global Banking MENA, HSBC commented: “ABC’s first syndication since 2007 has been subscribed by a high quality group of 17, geographically diverse relationship banks. This successful outcome bears testament to the solid institutional stature of ABC.”


Bank ABC Partners with Temenos and NdcTech to Implement Next-Generation Core Banking System
Bank ABC’s 2023 AGM approves US$46 million dividend on back of robust revenues and solid strategic progress
Bank ABC arranges landmark US$600 million Sukuk issuance for Air Lease Corporation (ALC)