SEWA woos banks for $250m loan

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By Pan Yue
12 Oct 2020

Sharjah Electricity & Water Authority (SEWA), a state-owned firm in the United Arab Emirates, is making a rare appearance in the Asian syndicated loan market with a $250m borrowing.

HSBC is the sole mandated lead arranger and bookrunner for the facility, according to bankers who received the invitation.

The loan has a tenor of five years and amortises over 3.5 years. The margin is priced at 195bp over Libor. Mandated lead arrangers committing $75m and above ...

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