Dubai-based Emirates NBD has launched a USD700 million, seven-year bullet term loan, targeting lenders across Asia.
The facility is priced at 100 basis points over term SOFR and includes an accordion option of up to USD200 million.
Mizuho Bank is acting as coordinator, mandated lead arranger, bookrunner, underwriter and facility agent for the transaction, according to IFR.
The loan features an availability period of 30 days.
Emirates NBD, which holds an A+ rating from Fitch, previously raised a USD1.5 billion three-year facility from a consortium of 15 banks in March 2024.
