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Bahraini bank in $150m loan facility arranging deal

MANAMA, June 25, 2015

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 initial mandated lead arrangers and bookrunners by Banco ABC Brasil, acting through its Cayman Islands Branch, said a report in the Gulf Daily News (GDN), our sister publication.

The facility is to be used by Banco ABC Brasil for general funding purposes.

It has a tenor of two years and pays a margin of L+150bps.

Banco ABC Brasil has also appointed Bank ABC, HSBC and NBAD to act as co-ordinators for the facility.

Syndication of the facility has been launched and is expected to close by end of July. - TradeArabia News Service




Tags: ABC | loan | facility |

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