Abu Dhabi’s Aabar pays up for Eu200m deal

22 Feb 2011

Abu Dhabi investment group Aabar will pay a 175bp margin on a Eu200m three year acquisition loan that is in syndication, offering more than it did for a $2.2bn deal signed in August because of the specialised use of proceeds, bankers said.

Aabar wants the loan to fund the purchase of subordinated debt as part of a consortium, though further details of the purchase could not be confirmed. The facility has a margin of 175bp, an increase of 25bp over the margin Aabar paid on last year’s three year loan.

“It ...

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