Abu Dhabi – Mubasher: The National Bank of Abu Dhabi (NBAD) announced closing a club loan facility worth 2 billion with a large oversubscription, a Wednesday’s press release revealed.

Commitments of nearly $3.0 billion were received in syndication from 14 major international banks across Europe, Asia and the United States, the press release added.

NBAD will not increase the facility size due to its excellent liquidity position, the bank said, adding that commitments have been scaled back as well.

The mandated lead arrangers are Bank of America Merrill Lynch, Mitsubishi UFJ Financial Group, Inc. (MUFG), Barclays Bank Plc, Citigroup, Credit Agricole Corporate and Investment Bank, DIFC, The Hong Kong and Shanghai Banking Corporation Limited, Mizuho Bank Ltd, Natixis (DIFC Branch), Standard Chartered Bank, Sumitomo Mitsui Banking Corporation, Societe Generale, UniCredit Bank AG, Wells Fargo Bank, N.A., London Branch.

The lead managers are Bank of China Limited and Macau Branch/Bank of China (Hong Kong) Limited.

Mitsubishi UFJ Financial Group, Inc. (MUFG) has been appointed as facility agent for the loan.

NBAD is very pleased with the success of this transaction, which again serves to highlight the confidence in the creation of a larger, stronger bank through the merger of FGB and NBAD”, said Stephen Jordan, Group Treasurer of NBAD