| Bahraini sovereign fund Mumtalakat has signed a $500 million, five-year loan with a group of banks, sources aware of the matter said on Sunday, with the cash to be used for general business purposes and to refinance existing debt.
The loan is being provided by the same banks which arranged a sukuk issue by the fund in November: Bank of Tokyo-Mitsubishi , BNP Paribas, Deutsche Bank and Standard Chartered, as well as local institutions Arab Banking and National Bank of Bahrain. Signed just before the end of 2014, the loan is structured as a revolving credit facility.............................................Full Article: Source
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