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BRIEF-RAKBANK closes $350 mln 3-year syndicated term loan facility
October 11, 2017 / 4:45 AM / a month ago

BRIEF-RAKBANK closes $350 mln 3-year syndicated term loan facility

Oct 11 (Reuters) - NATIONAL BANK OF RAS AL KHAIMAH

* CLOSES $350 MILLION 3-YEAR SYNDICATED TERM LOAN FACILITY

* SAYS BANK ABC, FIRST ABU DHABI BANK, STANDARD CHARTERED BANK ACTED AS LEAD ARRANGERS AND BOOKRUNNERS FOR $350 MILLION SYNDICATED FACILITY FOR RAKBANK

* FACILITY WAS SIGNED ON OCTOBER 09 AND WILL BE UTILIZED BY RAKBANK FOR GENERAL FUNDING PURPOSES

* SYNDICATION WAS LAUNCHED AT $250 MILLION ON AUGUST 08, LATER UPSIZED TO $350 MILLION, TOTAL 22 BANKS FROM GCC, EUROPE AND ASIA PARTICIPATED IN FACILITY Source: (bit.ly/2i0AGMV) Further company coverage:

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