Emirates NBD raises five-year multi currency loan

30 November 2010

UAE’s biggest bank by assets has raised a $410m multi currency loan

Emirates NBD, the UAE’s biggest bank by assets, raised a $410m multi currency loan paying interest of 1.75 percentage points more than benchmark rates, the lender said in a statement yesterday. The five year financing, backed by a pool of Emirates NBD’s syndicated loans to regional companies, was fully subscribed by JPMorgan Chase Company, the bank said.

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