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FINANCIAL NEWS
Abu Dhabi-Senaat confirms USD400mn revolving credit facility
21 Mar 2017
(MENAFN) Abu Dhabi’s Senaat, a state-owned investor in the emirate’s industrial sector has confirmed a revolving credit facility of USD400mn.
Furthermore, the three and five-year loan will replace a recent USD750mn revolving facility raised in 2013.
On the other hand, it will back Senaat’s general corporate requirements and the new facility is priced below the 2013 loan.
In addition, BNP Paribas and National Bank of Abu Dhabi are the mutual loan coordinators for the facility.
MENAFN2103201700450000ID1095331676
MENAFN2103201700450000ID1095331676
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