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Islamic Finance Briefing - Categorized | Banking, Finance more

Emirates NBD raises $410mln, 5-year loan

Posted on 30 November 2010

From Tradearabia.com: Emirates NBD, the leading bank in the Middle East, has raised a $410 million, equivalent 5-year multi-currency loan at an extremely competitive margin of 1.75 per cent per annum.
The loan, which sets a new pricing benchmark for UAE based borrowers, is the first of its kind in the region in terms of its unique structuring and was fully subscribed by JP Morgan, a statement said……………………………………….Full Article: Source

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