NBF signs $235m loan

DUBAI - National Bank of Fujairah (NBF) said it had signed a $235 million two-year club loan with a consortium of lenders.

By (Reuters)

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Published: Tue 21 Jun 2011, 11:31 PM

Last updated: Tue 7 Apr 2015, 4:51 AM

The amount is less than the $250 million the lender expected to raise when it launched the loan in April, to refinance an existing facility maturing this month.

The funds are for NBF’s general business activities, a company statement said. Emirates NBD, National Bank of Abu Dhabi, Wells Fargo, Commerzbank, HSBC, Standard Chartered and Lloyds TSB were all mandated lead arrangers on the deal.

Commerzbank was also the facility agent, NBF said.



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