United Arab Bank raises dollars from local and European banks

Sharjah-based United Arab Bank (UAB) has raised a $195m loan from a consortium of local and European banks, as borrowers in the region continue to diversify their portfolios with international lenders.

  • By Mariam Meskin
  • 25 Jun 2019

The two year term loan matures in June 2021. 

Abu Dhabi Commercial Bank, Arab Banking Corp, Commerzbank, Emirates NBD and Intesa Sanpaolo were bookrunners. Commercial Bank was mandated lead arranger. 

Commerzbank acted as facility agent, and Arab Banking Corp was coordinator. 

Borrowers in the GCC are pivoting further towards international lenders instead of local banks in a ...

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Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 212,372.35 556 11.37%
2 Bank of America Merrill Lynch 194,246.96 597 10.40%
3 Citi 115,510.14 346 6.18%
4 Wells Fargo Securities 102,613.60 378 5.49%
5 MUFG 99,613.32 569 5.33%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Sumitomo Mitsui Financial Group 3,299.26 7 9.41%
2 Standard Chartered Bank 3,013.82 10 8.60%
3 First Abu Dhabi Bank 2,953.95 12 8.43%
4 BNP Paribas 2,737.23 6 7.81%
5 Citi 2,083.52 9 5.94%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 5,725.19 29 6.43%
2 JPMorgan 5,589.28 27 6.28%
3 Credit Agricole CIB 5,408.68 30 6.07%
4 Deutsche Bank 5,084.59 30 5.71%
5 BNP Paribas 4,989.41 40 5.60%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 27,431.07 110 7.88%
2 Credit Agricole CIB 25,676.63 105 7.38%
3 JPMorgan 21,834.93 53 6.28%
4 Bank of America Merrill Lynch 21,382.31 54 6.15%
5 SG Corporate & Investment Banking 16,639.52 78 4.78%

Syndicated Loan Revenue - EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Apr 2016
1 HSBC 35.45 69 6.71%
2 BNP Paribas 31.67 78 5.99%
3 ING 31.21 74 5.90%
4 Citi 22.60 36 4.27%
5 Deutsche Bank 21.89 32 4.14%