Dubai, United Arab Emirates, 12 February 2019: Daewoo Engineering & Construction Co., Ltd. (Daewoo E&C), one of Koreas leading construction companies with a growing presence in Middle East and Africa, has successfully completed a US$ 200 Million Dual Tranche (Conventional and Islamic) Syndicated Term Facility on 30th January, 2019.

Emirates NBD Capital Limited (EMCAP), Emirates NBDs investment banking arm, acted as sole Mandated Lead Arranger and Bookrunner (MLAB) for the transaction that included eight other regional and international banks.* The transaction marks EMCAPs debut syndication for a Korean corporate, which attracted a wide base of investors across the GCC, Europe and Asia.

The transaction was initially launched at US$ 100 million, which got oversubscribed by two times and was eventually upsized to US$ 200 million; a testament to Daewoos growing global reputation stemming from its strong commercial competitiveness and extensive technical expertise.

Mr. Inhwan Cho, Executive Vice President, Daewoo E&C said, This facility is part of our companys conscious strategy to proactively tap new liquidity, especially in the GCC financial markets which will potentially auger well for future financing requirements in relation to our Middle East projects

While Daewoo E&C has tapped global syndicated loan markets in the past, this transaction is of strategic importance to the Company, since it has allowed them to forge key relationships with Islamic banks based in the Middle East that are active in the contracting space.

The facility is structured as a two-year bullet funding comprising both Conventional and Murabaha tranches and will be utilized towards funding working capital requirements for the Companys overseas projects.

Fahad Abdulqader Al Qassim, Chief Executive Officer, Emirates NBD Capital commented, The overwhelming success of this deal reaffirms our market position in the region as the go-to bank for international clients looking to tap Middle Eastern liquidity, in addition to global appetite, and we look forward to continuing supporting our international clients in their future financing needs backed by our market-leading investment banking platform