{"id":95353,"date":"2024-09-02T00:00:00","date_gmt":"2024-09-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/emirates-nbd-arranges-eur-350-mn-facility-for-beko-bv\/"},"modified":"2024-09-02T00:00:00","modified_gmt":"2024-09-02T00:00:00","slug":"emirates-nbd-arranges-eur-350-mn-facility-for-beko-bv","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/09\/02\/emirates-nbd-arranges-eur-350-mn-facility-for-beko-bv\/","title":{"rendered":"Emirates NBD arranges EUR 350 mn facility for Beko BV"},"content":{"rendered":"

Emirates NBD leads Beko\u2019s debut syndicated loan:<\/strong> Emirates NBD Capital, the investment banking arm of Emirates NBD, has arranged the first EUR 350 million global syndicated loan facility for Beko BV, the investment arm of Turkish home appliance manufacturer Beko, the company said in a statement<\/a>. The Emirati lender acted as the sole coordinator, initial mandated lead arranger, and bookrunner for the facility.<\/p>\n

About the debt offering:<\/strong> After attracting demand from 14 institutional investors, the three-year syndicated facility was 200% oversubscribed, prompting Beko to raise the debt offering to EUR 350 mn, up from EUR 250 mn. The inflated offering has bolstered Beko\u2019s capital base, \u201callowing it to diversify its investor base globally,\u201d the company said. <\/p>\n

Other participating banks: <\/strong>Banco Bilbao Vizcaya Argentaria (London branch), Commercial Bank of Dubai (CBD), FAB, GarantiBank International, and Societe Generale all served as mandated lead arrangers. Bank of China Turkey, Burgan Bank, State Bank of India (London branch) acted as lead arrangers. Meanwhile, DHB Bank, HSBC Continental Europe, Isbank, JP Morgan, and TC Ziraat Bank, London Branch all served as arrangers, according to a press release<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The debt offering was 200% oversubscribed<\/p>\n","protected":false},"author":1,"featured_media":95354,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1546],"tags":[1530,1391,68,260,7],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-95353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-beko","tag-debt","tag-debt-watch","tag-emirates-nbd","tag-enterpriseam-uae","wpautop","entry"],"acf":{"mongo_id":"afc986ec-a9d9-4275-a459-09c4764a2087","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/5\/899.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Emirates NBD arranges EUR 350 mn facility for Beko BV","related_issue":[95343],"teaser":"The debt offering was 200% oversubscribed","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.c0c5838c-dc7b-40f5-aaab-545f9e4de3e6.mp3"},"yoast_head":"\nEmirates NBD arranges EUR 350 mn facility for Beko BV - 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