$125m term loan facilty launched for United Arab Bank
DUBAI, August 19, 2015
United Arab Bank has mandated Arab Banking Corporation (Bank ABC) as initial mandated lead arranger and bookrunner to arrange on its behalf a $125 million syndicated term loan facility.
The facility, which will carry a tenor of three years, will be used by United Arab Bank for general corporate purposes, said the statement.
The syndication was launched today (August 19) and is expected to close in September, it added. - TradeArabia News Service
