dayofdubai | USD 300,000,000 Syndicated Term Loan Facility for 3 Year Tenor launch for National Bank of Oman (S.A.O.G.) by Bank ABC and Emirates NBD Capital

Monday, Jun 19, 2023
Hijri Date
℃ Dubai, UAE

Business

ID Number 10353
Aug 07, 2023
202

USD 300,000,000 Syndicated Term Loan Facility for 3 Year Tenor launch for National Bank of Oman (S.A.O.G.) by Bank ABC and Emirates NBD Capital

National Bank of Oman (S.A.O.G.) (NBO or the Company) has mandated Bank ABC and Emirates NBD Capital Limited (each an "Initial Mandated Lead Arranger" and "Bookrunner" together as IMLABs) to arrange on its behalf a USD 300,000,000 Syndicated term loan facility (the Facility).

The Facility has a tenor of 3 years, and the returns of the Facility shall be utilized for NBOs general corporate purposes.

General Syndication was launched on 23rd July 2019 with regional and international banks invited for participation. The new lenders shall consent to the Facility in August 2019 through an amendment and syndication accord.

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