Thursday 18, October 2018 by Kudakwashe

Emirates NBD raises $2 billion loan

 

A group of 18 banks committed to the transaction.

Emirates NBD (ENBD) raised a $2 billion three-year loan late last month.

The lender will use part the loan proceeds to refinance an existing $1.7 billion term loan facility and the remainder for general corporate purposes.

In July, the lender was discussing a rollover of the $1.7 billion loan, which was signed in 2016 and was due in 2019, reported Reuters.

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