Emirates NBD in talks to roll over $1.7bln loan | ZAWYA MENA Edition

Emirates NBD in talks to roll over $1.7bln loan | ZAWYA MENA Edition:

Emirates NBD (ENBD), Dubai's largest lender, is discussing with several international banks a roll-over of a $1.7 billion syndicated loan it signed in 2016, sources familiar with the matter said.

A spokesman for the bank confirmed the information and said: "this borrowing is from a set of relationship banks and has been rolled over twice before, though the amounts and individual bank participation vary."

The 2016 loan, due in June 2019, saw the participation of 19 banks and offered a margin of 145 basis points over the London interbank offered rate (Libor), Thomson Reuters data show.