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22-Nov-2016

ADCB raises USD600mn from syndicated loan

Abu Dhabi Commercial Bank (ADCB) closed a USD600mn three-year syndicated loan. The facility, which was syndicated to Asian banks, offers an interest rate of 95bps points over LIBOR. (Reuters)   Abu Dhabi Commercial Bank: AED5.90 as of 21 Nov 2016, Rating: Buy, FV: AED7.60/share, MCap: USD8,364mn, ADCB UH / ADCB.AD

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