Financial and Banking News
LOANS AND ISSUES
NBAD Arranging $15mn Construction Facility
The National Bank of Abu Dhabi (NBAD) is arranging a $14.9mn construction-related financing facility for Consolidated Contractors International Company (CCC) in connection with their construction and operation of a gas pipeline between Dubai and Sharjah. The facility is in two tranches: one is a $7mn three-year loan and the other a $7.9mn 3.5-year guarantee facility. NBAD is acting as issuing bank...