$375m syndicated loan signed with UAE banks
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DUBAI: 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 government said on Saturday.
The tranches were fully subscribed by a syndicate of leading UAE banks, the statement said.
Emirates NBD Capital Ltd was global coordinator and the transaction was anchored and arranged by Commercial Bank of Dubai, Emirates NBD Bank, Noor Bank, Dubai Islamic Bank, Mashreqbank and Sharjah Islamic Bank.
Published in Dawn, June 30th, 2019
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Jun 30, 2019 08:54am
Interest rate and duration ? Can anyone explain
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Jun 30, 2019 01:38pm
More loans.... More debt..... More interest payments we can't afford and so the enslavement to foreign powers continue. How troubling..
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