Dubai – Mubasher: Emirates NBD successfully closed on 23 March a three-year loan facility worth $1.75 billion, according to the bank's disclosure to the Dubai Financial Market (DFM) on Tuesday.
The facility pays a margin of 55 basis points, including a higher or lower 2.5 basis point environmental, social, and corporate governance (ESG) margin ratchet.
The facility was launched at an initial size of $1 billion; however, due to significant oversubscription, the bank upsized the facility to US$1.75 billion.
It is noteworthy to mention that in 2020, the bank's net profits decreased by 52% to AED 6.965 billion from AED 14.504 billion a year earlier.
