Al Nokhitha Fund NAV (07/09/10)
ADCB MSCI UAE Index Fund NAV (07/09/10)
ADCB MSCI Arabian Markets Fund NAV (07/09/10)
Al Basha'er Fund NAV (31/08/10)
US$ 400,000,000 Club Term Loan Facility
29 April 2008
Abu Dhabi, 29 April 2008: Abu Dhabi Commercial Bank PJSC is pleased to announce that it signed a US$400,000,000 Club Term Loan Facility (the "Facility") with The Bank of Tokyo-Mitsubishi UFJ, Ltd., ING Bank N.V., Standard Chartered Bank and Sumitomo Mitsui Banking Corporation (the "Mandated Lead Arrangers") on 10th April 2008.
The Bank of Tokyo-Mitsubishi UFJ, Ltd. is acting as Facility Agent and Standard Chartered Bank acted as Documentation Agent.
The Facility will have a maturity of five years and the proceeds will be used for general financing purposes. The Facility pays a margin of 27.5bps per annum. Eirvin Knox CEO ADCB said "the pricing achieved clearly indicated the support and the strong relationship ADCB enjoyed with its relationship banks even in the current credit markets."
The Facility will not be syndicated.
![Call 800 DEAL [3325] for our dedicated call centre to ensure professional help](/Images/Callcentre_tcm14-5320.gif "Call 800 DEAL [3325] for our dedicated call centre to ensure professional help"){kind=small}
