26.03.2012 - Standard Chartered, Noor Islamic ready $175mln loan for shipping firm
Standard Chartered Bank and Noor Islamic Bank announced yesterday that they have acted jointly as initial mandate lead arrangers and structuring banks for a five-year $175 million (Dh642.77 million) senior secured club facility for Stanford Marine Group. The club of banks funding this transaction was Standard Chartered, Noor Islamic Bank, Barwa Bank of Qatar, Mubadala GE Capital and Abu Dhabi Commercial Bank (ADCB). Standard Chartered Bank acted as facility agent, investment agent, and hedging bank...............................................Full Article: Source
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