VOL. XLV
No 36
9-September-2002
UAE
National Bank OfFujairah Secures$50Mn Loan
The UAEs National Bank of Fujairah(NBF) signed an agreement for a $50mn syndicated term loan on 2 August, withDresdner Kleinwort Wasserstein acting as the sole mandated lead arranger. Theloan matures in three years, with financing terms of 0.475% per year, and willbe used to refinance NBFs 1999 loan facility andalso for general funding requirements. The facility features an innovativestructure which allows NBF to defer...
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