Dubai-Mubasher: Commercial Bank of Dubai (CBD) closed a $450 million loan on 27 June for general corporate purposes, according to a bourse statement on Sunday.
The three-year facility replaces a transaction of the same amount and duration concluded in December 2013 and repaid earlier this month.
The loan has a maturity of 36 months from the date of drawdown, the statement said, adding that the transaction carries a margin of 1.25%.
Many banks including Bank ABC, National Bank of Abu Dhabi (NBAD) and Standard Chartered Bank participated in the facility as mandated lead arrangers and bookrunners.
