Emirates NBD has secured $2.25 billion in long-term financing, comprising a $1.75 billion five-year syndicated loan – nearly doubled from its $1 billion launch size – and a separate $500 million Sharia-compliant Murabaha facility.
Strong institutional demand from 15 lenders across Asia, Europe and the Americas enabled the bank to achieve what it described as its tightest ever pricing on a syndicated loan. Emirates NBD did not disclose the spread over benchmark rates.
The deal comes despite a 24% decline in the bank's share price from its February all-time high, driven by investor concern over the Iran conflict's impact on the UAE economy. UAE banking sector fundamentals remain robust, however, with aggregate capital adequacy at 16.6% against a 10.5% minimum, and a liquidity coverage ratio of 150% at end-2025.
Gulf Economist Staff Writer