TDB to raise $200m from Middle Eastern banks
Trade & Development Bank (TDB), the eastern and southern African development bank previously known as Preferential Trade Area Bank, is making its debut in the Middle Eastern loan market with a $200m facility.
The loan, launched on October 17, will have commercial and Islamic tranches in euros and dollars.
The two year facility is being co-ordinated by Mashreq Bank, Emirates NBD, MUFG and First Abu Dhabi Bank. They have set the commitment deadline for November 7.
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