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A total of 17 candidates secured the All India Rank (AIR) 1 as per the final results while earlier the number was 67
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Abu Dhabi bank ups loan to $1.5 bln
LONDON - Abu Dhabi Commercial Bank ADCB.AD, has increased its five-year loan to $1.5 billion from $1 billion after the deal closed oversubscribed, making it the biggest syndicated loan for a Middle Eastern bank to date, a banking source said on Thursday.
Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Commerzbank and Standard Chartered Bank are acting as bookrunners on the deal, while ING is a mandated lead arranger. They will sign banks into the deal on March 30.
The previous largest deal for a Middle Eastern bank was a $1.2 billion loan agreed by Ahli United Bank last year.
The government of Abu Dhabi, through Abu Dhabi Investment Authority, holds 65 percent of Abu Dhabi Commercial Bank’s stock while the rest is held by UAE institutions and private investors.
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