Dubai’s ENOC gets clubbed loan for £1.2bn Dragon buy
Dubai’s Emirates National Oil Company (ENOC) is using a loan from National Bank of Dubai and Standard Chartered to back a £1.15bn cash takeover of Dragon Oil, announced on Monday morning. But in a sign lenders are still wary of underwriting deals for the emirate’s borrowers, the facility was clubbed and will not be syndicated.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ European securitization issuance database
- ✔ Daily newsletters across markets and asset classes
- ✔ 1 weekly securitization podcast
