Tuesday 4 August 2015
 
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Emirates Motor closes $175m debut loan

Abu Dhabi-based Emirates Motor Company, the authorised distributor for Mercedes-Benz in Abu Dhabi and Al Ain, has closed a debut $175 million syndicated dual tranche loan deal, the arranger of the facility said on Monday. Noor Ban

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Bank ABC in $250m million loan facility deal

Bahrain-based Bank ABC said it has closed a $250 million syndicated term loan facility for Bank Sohar. The three-year facility was signed on July 14 and will be used by Bank Sohar for general funding purposes, said a report in the

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Saudi Electricity seeks multi-billion-dollar loan

Saudi Electricity Company (SEC), the Gulf's largest utility firm, is in talks with local and international banks to raise a multi-billion-dollar loan, according to two sources aware of the matter. The offering, which one sourc

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Union National to raise $500m in 3-year loan

Union National Bank, 50 per cent owned by the Abu Dhabi government, has picked five banks to raise a $500 million three-year syndicated loan, it said in a statement on Thursday. The fifth-largest lender on the Abu Dhabi exchange b

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$48m loan to redevelop homes in Bahrain approved

A $48-million loan for Bahrain from the Islamic Development Bank was approved by the Shura Council yesterday (July 5), despite members expressing concern that the total cost of repaying it could reach $70 million. The money will b

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$48m loan to redevelop homes in Bahrain approved

A $48-million loan for Bahrain from the Islamic Development Bank was approved by the Shura Council yesterday (July 5), despite members expressing concern that the total cost of repaying it could reach $70 million. The money will b

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Abu Dhabi's Taqa marketing $3bn loan to banks

Abu Dhabi National Energy Company (Taqa) is marketing a $3 billion, five-year loan to banks after receiving initial commitments from eight local and international banks, sources aware of the matter said on Thursday. The loan amoun

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Bahraini bank in $150m loan facility arranging deal

Bahrain-based Bank ABC, HSBC Securities and National Bank of Abu Dhabi (NBAD) have been mandated to arrange a $150 million senior unsecured term loan facility for Banco ABC Brasil, a subsidiary of Bank ABC. They were appointed as

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Enoc signs $1.5bn 9-year loan from 21 banks

Dubai's Emirates National Oil Company (Enoc) has secured a $1.5 billion nine-year loan from 21 banks to support its expansion plans and provide the energy firm with long term funding, it said on Wednesday. The funding was init

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Enoc signs $1.5bn 9-year loan from 21 banks

Dubai's Emirates National Oil Company (Enoc) has secured a $1.5 billion nine-year loan from 21 banks to support its expansion plans and provide the energy firm with long term funding, it said on Wednesday. The funding was init

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