{"id":60208,"date":"2022-08-23T09:45:52","date_gmt":"2022-08-23T05:45:52","guid":{"rendered":"https:\/\/blog.dubaicityguide.com\/site\/?p=60208"},"modified":"2024-06-13T09:50:25","modified_gmt":"2024-06-13T05:50:25","slug":"capital-bank-of-jordan-signs-usd-115-million-1-year-debut-senior-unsecured-syndicated-term-loan-facility","status":"publish","type":"post","link":"https:\/\/blog.dubaicityguide.com\/site\/capital-bank-of-jordan-signs-usd-115-million-1-year-debut-senior-unsecured-syndicated-term-loan-facility\/","title":{"rendered":"Capital Bank Of Jordan Signs USD 115 Million 1-Year Debut Senior Unsecured Syndicated Term Loan Facility"},"content":{"rendered":"<p>Mashreq bank psc acted as the sole Coordinator, Facility Agent, Mandated Lead Arranger and Bookrunner (the \u201cMLAB\u201d) for the Facility. Abu Dhabi Commercial Bank PJSC and Banque du Caire acted as Mandated Lead Arrangers (MLAs), Bank of Jordan Company \u2013 Wholesale Banking Branch \u2013 Bahrain, and United Arab Bank PJSC acted as Lead Arrangers (\u201cLA\u201d) and Bank Muscat S.A.O.G., Doha Bank Q.P.S.C., Habib Bank LTD. (BUR <a href=\"https:\/\/www.dubaiverse.io\/\" target=\"_blank\" rel=\"noopener\">DUBAI<\/a> BR), HBL Belgium, The National Bank of Ras Al-Khaimah (P.S.C.), Tunis International Bank, and United Bank Limited acted as arrangers. Clifford Chance LLP was the lenders legal counsel.<\/p>\n<p>The Facility will be used for meeting general corporate funding requirements of CBJ.<\/p>\n<p>The Facility met with resounding success with an over-subscribed book size. Considering it was CBJ\u2019s first ever syndicated borrowing, participation from 12 banks across the region, across 2 continents helped in advancing CBJ\u2019s profile regionally.<\/p>\n<p><b>CBJ\u2019s Group Financial Institutions Director, Jamal AlQudah said that<\/b> \u201cCBJ is delighted with the outcome of this transaction and is thankful for the support of a diverse group of international and regional banks, some of which have been our reliable commercial funding partners for several years and some being on-boarded as new relationship banks that will further enhance CBJ\u2019s funding sources. The wide subscription achieved in this facility demonstrated the faith reposed by our partners in CBJ in particular and Jordan as a growth market.\u201d<\/p>\n<p><b>Joel Van Dusen, Group Head of Corporate &amp; Investment Banking at, Mashreq commented:<\/b> \u201cThe successful completion of this strategic transaction reinforces Mashreq\u2019s position as a leading bookrunner for regional credits. We are proud to be associated with this flagship deal and\u202ftrusted by CBJ to deliver a landmark capital raising in the regional market. We would like to extend our gratitude to all the partner banks for taking part in this deal, which strengthens the credit standing of CBJ and establishes a borrowing benchmark for future capital raising for different entities in Jordan.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mashreq bank psc acted as the sole Coordinator, Facility Agent, Mandated Lead Arranger and Bookrunner (the \u201cMLAB\u201d) for the Facility. Abu Dhabi Commercial Bank PJSC and Banque du Caire acted as Mandated Lead Arrangers (MLAs), Bank of Jordan Company \u2013 Wholesale Banking Branch \u2013 Bahrain, and United Arab Bank PJSC acted as Lead Arrangers (\u201cLA\u201d) [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":60209,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-60208","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts\/60208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/comments?post=60208"}],"version-history":[{"count":1,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts\/60208\/revisions"}],"predecessor-version":[{"id":60210,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts\/60208\/revisions\/60210"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/media\/60209"}],"wp:attachment":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/media?parent=60208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/categories?post=60208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/tags?post=60208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}