National Bank of Egypt (NBE) successfully signed a $1 billion senior unsecured syndicated loan facility
Emirates NBD Capital, Mashreqbank and Firstrand Bank were the global coordinators on the financing deal.
The initial mandated arrangers and bookrunners included Abu Dhabi Commercial Bank, Abu Dhabi Commercial Bank – Egypt, Africa Finance Corporation, Al Ahli Bank Of Kuwait, Arab Banking Corporation, Emirates NBD, First Abu Dhabi Bank, Firstrand Bank, HSBC Bank Middle East, Mashreqbank, National Bank of Kuwait, Standard Chartered Bank, and The Mauritius Commercial Bank.
The mandated lead arrangers and bookrunners comprised Commerzbank, Doha Bank, Eastern and Southern African Trade and Development Bank, Sumitomo Mitsui Banking Corporation, The National Bank of Ras Al-Khaimah and Standard Bank.
The facility, oversubscribed by 1.7 times its original launch amount of $750 million, was closed at $1 billion following the exercise of the green shoe option. The success underscores NBE’s robust banking relationships, credit strength, and the market’s confidence in the Egyptian economy.
The oversubscription reflects international confidence in NBE stable financial position and its role in supporting the broader economy. The transaction also aligns with the Egyptian lender’s strategy of diversifying funding sources.
NBE expressed gratitude to its coordinators for their role in achieving this milestone transaction and acknowledged the commitment of its financing partners.
