UAE - Mubasher: Seoul-based Daewoo Engineering & Construction Co, owning branches and subsidiaries in Asia, Africa, and the Middle East, has completed a dual-tranche syndicated conventional and Islamic term financing worth $200 million.

Emirates NBD Capital Limited acted as the sole coordinator on the transaction, according to a press release on Tuesday.

Meanwhile, Ahli United Bank of the DIFC Branch, Ahli United Bank K.S.C.P, Emirates NBD Capital Limited, Emirates NBD, Singapore Branch, and Warba Bank were the Mandated Lead Arrangers and Bookrunners.

The company has witnessed a significant oversubscription in the transaction, initially launched at $115 million.