Mitsubishi UFJ arranges $5 bln loan to UAE

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Mitsubishi UFJ Financial Group (MUFJ) has put together a syndicated loan worth five billion dollars for a sovereign wealth fund in Abu Dhabi, a report said on Sunday.

Bank of Tokyo-Mitsubishi UFJ, part of the MUFJ group, has arranged the multibank credit for International Petroleum Investment Co. (IPIC), the business daily Nikkei reported, without citing sources.

The syndicate also involves 15 other banks, including Santander of Spain, HSBC Holdings Plc. of Britain and Sumitomo Mitsui Banking Corp of Japan, the report said.