Government of Pakistan successfully closes US$ 370 Million Syndicated Term Loan and Murabaha Financing Facilities

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Dubai: The Islamic Republic of Pakistan acting through the Ministry of Finance and Revenue has successfully signed US$ 370 Million Syndicated Term Loan and Murabaha Financing Facilities (the “Facility”).  

Amidst a challenging market backdrop due to Covid-19, the Facility represents Pakistan’s largest hybrid (Islamic and Conventional) commercial financing year this year and reiterates the strong international investor confidence in the Pakistan economy. 

Emirates NBD Capital, the global investment banking arm of Emirates NBD acted as the Global Coordinator on the Facility. 

The deal was over-subscribed by c. 1.2x, garnering a strong response from a syndicate of leading local, regional and international banks comprising: 

Mandated Lead Arrangers and Bookrunners:

Emirates NBD Bank PJSC, Sharjah Islamic Bank PJSC, Mashreqbank psc, Commercial Bank of Dubai P.S.C., Allied Bank Limited Bahrain and United Bank Limited

Mandated Lead Arranger

Habib Bank UK Limited

Lead Arrangers: 

Credit Europe Bank N.V., and Union des Banques Arabes et Françaises.

Arranger: 

Tunis International Bank

About Emirates NBD Capital Ltd: 

Emirates NBD Capital Ltd is a leading regional investment bank offering customised advisory and capital financing solutions. The investment bank is a part of Emirates NBD Group, a leading banking group in the Middle East, Africa and Turkey  (MENAT) region.

Emirates NBD Capital Ltd  is DFSA regulated entity based in the Dubai International Financial Centre (DIFC).