BankDhofar closes $250m term loan

Business Wednesday 06/January/2016 18:22 PM
By: Times News Service
BankDhofar closes $250m term loan

Muscat: BankDhofar has announced the successful closing of a $250 million, three-year term loan facility.
Bank ABC, BNP Paribas, Commerzbank, Credit Agricole Corporate and Investment Bank, HSBC Bank Middle East and National Bank of Abu Dhabi acted as the mandated lead arrangers and book runners.
“The facility will be used to finance large-scale projects of national importance. The facility demonstrates the confidence global markets have in the financial strength of BankDhofar and the stability of the Omani banking sector,” said Kamal Hassan Murazza, chief wholesale banking officer of Bank Dhofar.
Bashir Al Subhi, AGM treasury and financial institutions of BankDhofar, thanked the arrangers for their confidence and support that led to the success of this facility.
“This facility is an outstanding success by several measures: the size, the pricing and the diverse lender group that comprised leading banks. The trust bestowed on us by prominent international and regional banks underpins our position as a leading bank in Oman,” he said.