UAE's United Arab Bank signs $150 mln 2-yr loan - sources | Reuters:
"United Arab Bank (UAB), a United Arab Emirates-based lender, has secured a $150 million loan of two years duration, sources aware of the matter said on Tuesday.
The transaction is the latest loan raised by a regional bank as liquidity comes under pressure from lower oil prices and a weaker economy.
UAB began a marketing period for the loan in May, saying at the time that the cash would be used for general corporate purposes and prepayment of an existing syndicated facility."
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