Banco ABC Brasil closes $200m term loan facility
ABU DHABI, August 19, 2015
Banco ABC Brasil has cloased a $200 million syndicated term loan facility, acting through its Cayman Islands Branch.
The facility was signed on August 18 and was arranged by Bank ABC, HSBC Securities and National Bank of Abu Dhabi (NBAD), the initial mandated lead arrangers and bookrunners, said a statement.
It was initially launched for $150 million and following a significant oversubscription Banco ABC Brasil decided to upsize the facility, it said.
The facility has a tenor of two years and will be used by Banco ABC Brasil for general corporate purposes.
Bank ABC, HSBC and NBAD also acted as the joint coordinators for the facility, with NBAD acting as the agent, it added. - TradeArabia News Service
