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EMIRATES NBD ARRANGES USD 75 MILLION, MIDDLE EAST & ASIA FOCUSED CLUB LOAN FOR UKRSIBBANK BNP PARIBAS GROUP, UKRAINE:
9th July 2008
Emirates NBD has arranged a USD 75,000,000 club loan facility for UkrSibbank BNP Paribas Group, Ukraine. The facility has a tenor of 364 days and pays a margin of 1.00% p.a. over LIBOR. Proceeds of the facility will be used by UkrSibbank for general corporate funding purposes.
Placement of the facility was focused on Middle East and Asia and the deal was subscribed with the participation of 6 banks from various countries including United Arab Emirates, Oman and Japan.
Addressing a press conference in Kiev, Mr Mohammad Kamran Wajid, Global Head Financial Institutions – Emirates NBD commented "with the conclusion of yet another successful transaction, Emirates NBD has once again clearly demonstrated its unparalleled capabilities as the leading Middle Eastern arranger of debt capital market transactions, as well as its strong relationships with the leading financial institutions from the emerging markets in general and the CIS in particular.
Emirates NBD is the preferred partner for borrowers from the CIS, who are looking to tap Middle Eastern liquidity in order to diversify their investor base and this is demonstrated by our impressive track record of several high profile transactions for CIS borrowers"
Commenting on Emirates NBD's relationship with UkrSibbank Mr Kamran said "Emirates NBD shares a strong relationship with UkrSibbank and is committed to the further development of mutual business ties.
This is the second time that Emirates NBD has arranged a club debt facility for UkrSibbank, the first one being a USD 50,000,000 club loan arranged in 2007, and we look forward to working on more deals in the future. We consider Ukraine as one of the attractive markets in the CIS, and continue to build on our relationships with the leading institutions in Ukraine"
Click here for Arabic version
Reported by: Corporate Communications
Reported on: 10/07/2008
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