Capital Bank of Jordan signs USD 115mln 1-year debut senior unsecured syndicated term loan facility

Capital Bank of Jordan signs USD 115mln 1-year debut senior unsecured syndicated term loan facility

Amman: Capital Bank of Jordan (“CBJ” or the “Borrower”) is pleased to announce the successful signing of a USD 115 Million Senior Unsecured Syndicated Term Loan Facility (“Facility”) signed on 15th August 2022.

Mashreq bank psc acted as the sole Coordinator, Facility Agent, Mandated Lead Arranger and Bookrunner (the “MLAB”) for the Facility. Abu Dhabi Commercial Bank PJSC and Banque du Caire acted as Mandated Lead Arrangers (MLAs), Bank of Jordan Company – Wholesale Banking Branch – Bahrain, and United Arab Bank PJSC acted as Lead Arrangers (“LA”) and Bank Muscat S.A.O.G., Doha Bank Q.P.S.C., Habib Bank LTD. (BUR DUBAI BR), HBL Belgium, The National Bank of Ras Al-Khaimah (P.S.C.), Tunis International Bank, and United Bank Limited acted as arrangers. Clifford Chance LLP was the lenders legal counsel.

The Facility will be used for meeting general corporate funding requirements of CBJ.

The Facility met with resounding success with an over-subscribed book size. Considering it was CBJ’s first ever syndicated borrowing, participation from 12 banks across the region, across 2 continents helped in advancing CBJ’s profile regionally.

CBJ’s Group Financial Institutions Director, Jamal AlQudah said that “CBJ is delighted with the outcome of this transaction and is thankful for the support of a diverse group