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Print Print edition: 2020-11-16

Pakistan gets $370 million syndicated loan

Published November 16, 2020 Updated November 16, 2020 03:03am
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DUBAI: The government of Pakistan has closed a $370 million syndicated loan comprising a conventional and Islamic tranche, Dubai's biggest bank Emirates NBD, which coordinated the loan, said in a statement on Sunday.

Sharjah Islamic Bank, Mashreqbank, Commercial Bank of Dubai, Allied Bank Limited Bahrain, United Bank Limited, Habib Bank UK Limited, Credit Europe Bank N.V., and Union des Banques Arabes et Francaises were also involved in arranging the deal, which Emirates NBD Capital said was Pakistan's largest hybrid commercial financing this year.

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