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 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 3,136 9 13.58
2 Citi 2,562 6 11.09
3 Goldman Sachs 2,150 3 9.31
4 Credit Suisse 1,822 6 7.89
5 Societe Generale 1,814 4 7.86

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%