TDB sources oversubscribed term financing from Middle East banks

  • Date: 03-Jan-2020
  • Source: Global Trade Review
  • Sector:Financial Services
  • Country:GCC
  • Who else needs to know?

TDB sources oversubscribed term financing from Middle East banks

The Eastern and Southern African Trade and Development Bank (TDB) has closed a US$450mn syndicated term loan facility, upsizing its debut Middle East-focused conventional and Islamic syndication that was signed in December 2017. The deal is split across two-year and three-year bullet repayment tranches, as well as conventional and Islamic tranches, and has been funded ...

The post TDB sources oversubscribed term financing from Middle East banks appeared first on Global Trade Review (GTR).