Emirates NBD finds ‘structured liquidity solution’ to Dubai debt issues

Emirates NBD has taken out a $410m bilateral five year loan from JP Morgan, secured against the Gulf financial institution’s own portfolio of syndicated loans, according to Mohammad Kamran Wajid, general manager, institutional and international banking and debt capital markets at Emirates NBD.

  • 29 Nov 2010

The multi-currency loan has a margin of 175bp and Kamran says that one of the motivations for doing the deal was to set a new price benchmark for Gulf-based banks.

"The key message we’re trying to give on this loan is the pricing," said Wajid. "After the announcement that ...

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New! GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 7,171 21 10.72
2 Bank of America Merrill Lynch (BAML) 6,901 20 10.32
3 JP Morgan 4,776 10 7.14
4 Credit Suisse 4,718 9 7.05
5 Lloyds Bank 4,420 14 6.61

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Oct 2016
1 Wells Fargo Securities 68,611.22 170 11.38%
2 Bank of America Merrill Lynch 59,056.08 169 9.80%
3 JPMorgan 56,861.85 163 9.43%
4 Citi 56,521.05 165 9.38%
5 Credit Suisse 44,888.95 123 7.45%