Thursday 26, July 2018 by Kudakwashe

Emirates NBD seeks partners on $1.7 billion loan

 

The 2016 loan which is due in June 2019 saw the participation of 19 banks and offered a margin of 145 basis points over the London interbank offered rate.

Emirates NBD, is discussing with a number of international banks to roll-over of a $1.7 billion syndicated loan it signed in 2016, reported Reuters.

The bank is now seeking to renew that loan with better rates.

The bank made a net profit of AED 2.63 billion in Q2 2018, compared to the corresponding period in 2017.

  

 

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