Arab Today, arab today fgb appointed as bmla for mercuria energy’s
Last Updated : GMT 12:40:36
Arab Today, arab today
Arab Today, arab today

FGB appointed as BMLA for Mercuria Energy’s

Arab Today, arab today

Arab Today, arab today FGB appointed as BMLA for Mercuria Energy’s

Abu Dhabi - Arabstoday

First Gulf Bank (FGB) has been mandated by Mercuria Energy Trading, one of the world’s largest independent energy traders, as one of 11 international Bookrunning Mandated Lead Arrangers (BMLA) to arrange its $500 million Syndicated Revolving Credit Facilities (RCF). FGB was the only bank from the Gulf region chosen to arrange these Credit Facilities, comprising a 364-day $360 million Facility and a three-year $140 million Facility. FGB, through its Singapore Branch, is joined by Australia and New Zealand Banking Group Limited (ANZ), BNP Paribas, DBS Bank, The Hongkong and Shanghai Banking Corporation Limited (HSBC), ICBC (London) Limited, ING Bank, The Royal Bank of Scotland, Societe Generale Corporate & Investment Banking, Standard Chartered Bank and Sumitomo Mitsui Banking Corporation. Andre’ Sayegh, CEO of FGB said: “By appointing First Gulf Bank as one of the international BMLAs and the only mandated bank from the Gulf region for the RCF, the Mercuria Energy transaction has reaffirmed our position as a major leading financial institution in the Gulf region. We recognise the significance and importance of this mandate and look forward to working along with the other BMLAs towards achieving our mutual goals alongside Mercuria Energy.” The international transaction roadshow kicked off in Dubai on Oct.3, 2012, moved to Taipei and Singapore on Oct.5-8, 2012 consecutively, ending in Shanghai on Oct.10, 2012. Signing of the final loan documentation relating to the RCF will take place on Nov.30, 2012. Proceeds of the Facilities are to be used to refinance Tranche A of the $755 million syndicated revolving credit facility documented in an agreement dated Dec.7, 2011 and to finance the working capital requirements of Mercuria Energy. Sayegh added: “Closing this transaction is a direct result of the bank’s solid foundation. It goes in line with our business strategy, which clearly reflects the high level of confidence that investors and peers have in our bank and its ability to provide sustainable value to all FGB stakeholders.” Founded in 2004, Mercuria now ranks amongst the world’s largest independent energy traders. Mercuria is a privately-owned group of companies active over a wide spectrum of global energy and commodity markets, including crude oil and refined petroleum products, natural gas (including LNG), power, coal, biodiesel, carbon emissions as well as base metals and agricultural products. Recently FGB received an overwhelming endorsement from its investors via a 4 times oversubscription of its $650 million 5-year Euro Medium Term Note Programme (EMTN) conventional Bonds issuance, which received a total subscribed value over $2.7 billion. In November 2009 FGB raised under this programme $500, million senior unsecured three-year notes. The bank has also issued in January 2011 under the same programme five-year 200 million Swiss franc ($206 million) notes. From Gulf Today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today fgb appointed as bmla for mercuria energy’s Arab Today, arab today fgb appointed as bmla for mercuria energy’s

 



Arab Today, arab today
Arab Today, arab today Nasima Gamei revives heritage in jewelries

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday