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RLPC-Abu Dhabi Commercial Bank signs $400 mln loan

Tue Apr 29, 2008 4:11am EDT

LONDON, April 29 (Reuters) - Abu Dhabi Commercial Bank ADCB.AD announced it has signed a $400 million, five-year term loan that will be used for general financing purposes.

The deal pays a margin of 27.5 basis points (bps) over LIBOR and was provided by mandated lead arrangers Bank of Tokyo-Mitsubishi UFJ, ING, Standard Chartered Bank and SMBC.

The facility will not be syndicated.

Bank of Tokyo-Mitsubishi UFJ is facility agent and Standard Chartered Bank acted as documentation agent.

Abu Dhabi's government holds 65% of the bank's capital.

(Reporting by Christopher Mangham)



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