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FINANCIAL NEWS
Bank Sohar Oman successfully closes USD250mn syndicated loan
11 Jun 2017
(MENAFN) Bank Sohar successfully raised an USD250mn three-year syndicated loan facility, in line with recent plans to keep good credit capacity.
Moreover, the facility will be used for general funding purposes and to increase maturities of liabilities profile.
The Abu Dhabi Commercial Bank, Axis Bank Limited and Commerzbank had joined the facility as basic mandated lead arrangers.
In addition, the facility was notably oversubscribed, with a whole of 13 banks collaboration from the GCC, Europe and Asia.
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MENAFN1106201700450000ID1095549408
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