After more than ten years away from the syndicated loan market, UAE-based Mashreqbank is making a high-profile return—this time with strong Asian participation in a $1.5 billion dual-tranche facility.
The deal is structured in two parts: a $1 billion three-year tranche and a $500 million five-year tranche, complete with an accordion option for future expansion. Only the five-year portion is being syndicated, priced at 95 basis points above SOFR, according to LPC.
A heavyweight consortium of financial institutions has stepped up to lead the arrangement. Mandated lead arrangers and bookrunners include Agricultural Bank of China, ANZ’s Singapore branch, Bank of America Europe, Bank of China, Barclays, China Construction Bank (Asia) and its DIFC branch, Fubon Bank (Hong Kong), Mizuho Bank, MUFG, Standard Chartered, and Taipei Fubon Commercial Bank.
Ahead of the wider syndication phase, Citibank’s London branch and Korea Development Bank have already joined the roster as lead managers and bookrunners.
Proceeds from the facility will go toward Mashreqbank’s general corporate purposes, marking a renewed global push by one of the UAE’s most dynamic lenders.
