Gulf FIs back as Bank of Sharjah signs $150m deal

Bank of Sharjah signed a $150m one year refinancing loan this week, the first from a financial institution in the Gulf in two years.

  • 11 Aug 2010

Although the club deal took several months to execute, the borrower attracted enough commitments to increase it from $100m.

The transaction could open the market for other bank borrowers in the Middle East, said a senior banker involved in the deal.

Commerzbank coordinated the facility. The other lenders, each committing ...

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