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Pakistan signs $375 million syndicated loan with UAE banks

Emirates NBD Capital Limited was global coordinator. The transaction was anchored and arranged by Commercial Bank of Dubai, Emirates NBD Bank, Noor Bank, Dubai Islamic Bank, Mashreqbank and Sharjah Islamic Bank.

business Updated: Jun 29, 2019 14:30 IST
Reuters
Reuters
Dubai
pakistan,UAE,UAW banks
Pakistan signed a $375 million syndicated loan with banks in the United Arab Emirates in June made up of conventional and Islamic banking tranches(PTI)

Pakistan signed a $375 million syndicated loan with banks in the United Arab Emirates in June made up of conventional and Islamic banking tranches, the Pakistani government said on Saturday.

The tranches were fully subscribed by a syndicate of leading UAE banks, the government statement said.

Emirates NBD Capital Limited was global coordinator. The transaction was anchored and arranged by Commercial Bank of Dubai, Emirates NBD Bank, Noor Bank, Dubai Islamic Bank, Mashreqbank and Sharjah Islamic Bank.

(This story has been published from a wire agency feed without modifications to the text. )

First Published: Jun 29, 2019 14:29 IST