Banks launch AED 4.4 billion Nakheel syndicated deal.Summary: Initial Mandated Lead Arrangers Lead arranger The senior tier of arranger , Underwriters and Bookrunners, Emirates Bank International PJSC PJSC Public Joint Stock Company PJSC Private Joint Stock Company , Mashreqbank psc, Noor Islamic Bank PJSC, and Samba Financial Group Samba Financial Group (formerly known as The Saudi American Bank) is a large banking firm in Saudi Arabia formed by the takeover of Citibank branches in Saudi Arabia by Royal Decree on February,12,1980. today launched a general syndication on an AED AED - Automated Engineering Design 4.4 billion (or equivalent in USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) receivables financing transaction for Nakheel. Banks launch AED 4.4 billion Nakheel syndicated deal Initial Mandated Lead Arrangers, Underwriters and Bookrunners, Emirates Bank International PJSC, Mashreqbank psc, Noor Islamic Bank PJSC, and Samba Financial Group today launched a general syndication on an AED 4.4 billion (or equivalent in USD) receivables financing transaction for Nakheel. The facility which matures in January 2011 includes both a conventional and an Islamic tranche and may be funded by way of USD or AED. Samba Financial Group is the Structuring Bank, Conventional Documentation Bank and Facility Agent. Noor Islamic Bank PJSC is the Islamic Documentation Bank and Investment Agent. The size of each tranche will be finalized after syndication, and potential financiers are invited to participate in either tranche or currency. Proceeds of the facility will be used by Nakheel for its general corporate funding needs. 2008 Al Bawaba (www.albawaba.com) 2008 Al Bawaba (Albawaba.com) Provided by Syndigate.info an Albawaba.com company |
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