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15-Dec-2016

NBAD raises USD2bn from a club loan

NBAD raises USD2bn from a club loan facility. The bank said that it got bids of USD3bn from a syndication of 14 banks from Europe, Asia and the US. NBAD said that it would not increase the size of the facility despite the strong demand owing to its excellent liquidity position. (Bloomberg)   Natl. Bank of AD (AD): AED10.05 as of 14 December 2016, Rating: Buy, TP: AED10.80 per share, MCap: USD14,266 million, NBAD UH / NBAD.AD

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