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Thursday, 27 July 2017

UAE’s ADNOC starts picking banks for planned loan – sources

UAE’s ADNOC starts picking banks for planned loan – sources:

"Abu Dhabi National Oil Company (ADNOC) has picked an initial group of banks to arrange a planned syndicated loan of up to $5 billion, banking sources familiar with the matter said on Thursday.

Bank of Tokyo-Mitsubishi UFJ, First Abu Dhabi Bank, HSBC, and JPMorgan have a lead role in the deal, said the sources.

The four banks declined to comment, while ADNOC was not immediately available to comment."



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