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nbd investment bank appointed as lead arranger for $100 million loan to "gems"
- Article from:
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Al Bawaba
- Article date:
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July 8, 2007
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Copyright informationCopyright 2007 Al Bawaba. Provided by ProQuest LLC. (Hide copyright information)
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NBD Investment Bank (NBD - IB), the full service regional
investment bank, announced today that it has been mandated as sole
bookrunner to arrange a $100 million loan facility for Premier
Schools International ("GEMS"). The loan will be used to partly
finance school projects in the UAE as well as refinancing existing
debt.
The dual tranche loan facility, which is expected to be signed in
mid-July, has a tenor of five years and an average life of
approximately three years and four months. A recent institutional
roadshow drew substantial interest attracting 24 institutions
representing local, regional and international banks.
This Facility is the Company's debut syndicated loan and is being ...