Aug 01, 2013
July 29th 2013 - Emirates NBD Capital Limited (the “Initial Mandated Lead Arranger” and “sole Bookrunner”) is pleased to announce the successful completion of a USD 200 Million syndicated term loan facility (the “Facility’) for the Bank of Ceylon (“BOC”).
Launched at an amount of USD 150 million, the Facility was extremely well received in the market with the total book size reaching USD 300 Million during syndication, representing an impressive oversubscription of 100%. The Facility was finally closed at an increased amount of USD 200 Million.
Fifteen banks from across the globe joined the syndication, with Axis Bank Limited DIFC Branch, Bank of Baroda, Burgan Bank S.A.K., The Commercial Bank of Qatar (Q.S.C.), Gulf Bank KSC, Indian Overseas Bank Singapore, National Bank of Abu Dhabi PJSC, Standard Chartered Bank, Union National Bank PJSC joining as Mandated Lead Arrangers, Doha Bank joining as Lead Arranger, Askari Bank Limited, First Gulf Bank PJSC, Habib Bank Limited joining as Arrangers and Banquede Commerce et de Placements joining as Lead Manager. Emirates NBD Capital Limited acted as the sole Bookrunner for the transaction.
Re-disseminated by The Asian Banker