Aabar, the Abu Dhabi investment group, gave the Middle East’s loan market some much-wanted supply on Thursday when it launched a $2bn facility paying an all-in margin of just under 200bp.
Deutsche Bank, Morgan Stanley, National Bank of Abu Dhabi and Royal Bank of Scotland are bookrunners on the three year facility, split between a $1.4bn bullet term loan and a $600m revolver. Credit Suisse and Abu Dhabis Union National Bank joined before the launch.
The margin in 150bp. In