Emirates NBD hires Mizuho to arrange $200mln syndicated loan- LPC

The loan has tranches with three- and five-year maturities and a $200million greenshoe option, meaning the final size could rise to as much as $400million.
DUBAI- Emirates NBD, Dubai’s largest bank, has mandated Japan’s Mizuho Bankto arrange a $200 million loan, according to Loan Pricing Corporation (LPC), a fixed income news service that is part of Refinitiv.
The loan has tranches with three- and five-year maturities and a $200 million greenshoe option, meaning the final size could rise to as much as $400 million.
Emirates NBD declined to comment while Mizuho did not immediately respond to a request for comment.
The $200 million loan is being syndicated to other banks and offers interest margins of 80 basis points and 110 basis points over the London interbank offered rate for the three- and five-year tranches, respectively, LPC reported.
Emirates NBD, which is 55.6 percent owned by state fund Investment Corp, is a regular borrower in the bank debt markets.
Last year it raised a $2 billion three-year loan involving a group of 18 lenders. 

Shipping from Dubai | Air Cargo | Sea Shipping | International Relocation
AAC Cargo & International Shipping Services
Dubai, Unites Arab Emirates
Tel: +971 4 8880718
Email: info@aaccargo.ae
Website:
https://aaccargo.ae
https://aaccargo.com/
http://expresscargo.ae/
Shipping & Moving Household & cars from Dubai to USA, Africa & Europe, we are international movers specialized in worldwide logistics from Dubai.
Shipping from dubai, International movers, Shipping to Africa, Shipping to Europe, International Relocation, Ocean Freight, Sea shipping, Air Cargo, air shipping, Shipping Company, Cargo Company, Dubai Shipping Company freight forwarding, Logistics company, Express Cargo, Shipping to South America, Shipping to Russia

Comments

Post a Comment

Popular posts from this blog

Air Freight Logistics Vietnam 2019

This takes place on 19 and 20 September in Vietnam for the fourth time where local and foreign enterprises will gather. It offers networking opportunities with key decision makers and the opportunity to listen to international and local professionals from logistics companies, airlines, airports, banks and the insurance sector. AAC Cargo & International Shipping Services Dubai, Unites Arab Emirates Tel: +971 4 8880718 Email:  info@aaccargo.ae Website: https://aaccargo.ae https://aaccargo.com/ http://expresscargo.ae/ Shipping & Moving Household & cars from Dubai to USA, Africa & Europe, we are international movers specialized in worldwide logistics from Dubai. Shipping from dubai, International movers, Shipping to Africa, Shipping to Europe, International Relocation, Ocean Freight, Sea shipping, Air Cargo, air shipping, Shipping Company, Cargo Company, Dubai Shipping Company freight forwarding, Logistics company, Express Cargo, Shipping to South A...
Read more

Legal overview of China’s international air freight industry

T he Montreal Convention is an international air carriage convention introduced by the International Civil Aviation Organization in 1999, which took effect in China (and Macau) on 31 July 2005, automatically superceding its predecessor the Warsaw Convention. The Hong Kong SAR government also became a signatory on 15 December 2006. The convention governs only international carriage in which of the points of both departure and destination, with or without a break in carriage or a trans-shipment, are situated either within the territories of two party states, or within the territory of a single party state if there is an agreed stopping place within the territory of another state, even if that state is not a party state. Under Article 142(2) of the PRC General Principles of Civil Law, any inconsistencies between international treaties to which China is a party and the Chinese civil law should be resolved in favour of the international treaties. The Montreal Conventio...
Read more

UAE’s Etihad takes sole ownership of secure logistics firm

Etihad Airways says it has acquired the shares held by Armaguard Linfox Group (Australia) in Armaguard Valuables Management Etihad Airways has announced that it acquired the shares held by Armaguard Linfox Group (Australia) in Abu Dhabi-based joint venture Armaguard Valuables Management (AVM). The deal makes Etihad the sole shareholder of the company which has been renamed Etihad Secure Logistics Services. In the six years since it began operations, AVM said it has successfully grown from a start-up to become a major player in the UAE secure logistics and valuables management market. Gary Allen, Linfox Armaguard Group CEO, said: “The Armaguard Group is concentrating on continuing to strengthen the existing businesses in Australia and New Zealand while enhancing our services across South East Asia, and as such will withdraw from the UAE. “Etihad and Armaguard have shared a long history of working together to provide the best solutions for our customers. We will continue as a stro...
Read more