Oil giant Adnoc launches debut $6bn loan with tighter pricing
State-owned Abu Dhabi National Oil Co (Adnoc) has kicked off the syndication of its first syndicated loan for $6bn, after increasing its size and tightening pricing further in response to high demand for the facility.
In July, the company was in talks with international and Middle Eastern banks about raising a loan of around $4bn-$5bn. The pricing at the time was already quite tight, according to bankers looking at the deal. JP Morgan
, First Abu Dhabi Bank,
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