Newspaper article from our research archive:

nbd investment bank appointed as lead arranger for $100 million loan to "gems"

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 ...

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