VOL. XLIII

No. 22

29-May-2000

UAE

Lead-Arranger Consortium For Thuraya Joined By Co-Arrangers For $520Mn Syndicated Facility

Three regional banks, Arab Banking Corporation (ABC), National Bank of Abu Dhabi (NBAD) and Mashreqbank, have joined the lead-arranger international consortium mandated to secure a $520mn syndicated facility for the UAEs Thuraya Satellite Telecommunications Company. The facility is to contribute to the construction, launch and operation of a regional mobile satellite...