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Start your banking journey with the leading bank in the region.
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Here's how to make the most out of your loan with us.
Visit our dedicated support center for answers to all your banking-related questions.
Our various FX products and services help you conduct your international transactions easily.
Our wide range of transfer options make it easier for you to send money locally and internationally.
Learn all about how you can seamless use our services to transfer money.
Our wealth solutions help you manage your financial future better and achieve your financial goals.
Know more about our Wealth servicesLife is uncertain but you can be prepared to face adversity with our wide range of insurance plans.
Access to over 11,000 stocks and ETFs in Global and UAE markets
Visit our dedicated support center for answers to all your banking-related questions.
Everyday banking is a lot easier with our digital banking platforms and services.
Discover more about banking with usWe have over 200 branches and 900 ATMs and CDMs across the UAE and overseas.
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Visit our dedicated support center for answers to all your banking-related questions.
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Introducing Signature, a programme of distinction reserved for the upper crust of Emirates NBD
Our wealth solutions help you manage your financial future better and achieve your financial goals.
Life is uncertain but you can be prepared to face adversity with our wide range of insurance plans.
Everyday banking is a lot easier with our digital banking platforms and services.
Learn more about our services and get the most out of your banking relationship with us.
We welcome you to a bespoke banking experience tailored to suit your private banking & wealth management needs, should you, your family, or your business have USD 5 Million (or currency equivalent) and above as Assets Under Management with us.
Dubai, 23 March 2021: Daewoo Engineering & Construction Co., Ltd. ("Daewoo E&C"), one of the largest and diversified global construction company, headquartered in Seoul, Korea and operating branches and subsidiaries in Asia, Africa and Middle East, has successfully completed a US$ 200 Million Dual Tranche (Conventional and Islamic) Syndicated Term Financing on March 21, 2021 (the "Facilities").
Emirates NBD Capital Limited acted as the Sole Coordinator on the transaction.
Ahli United Bank B.S.C. (DIFC Branch), Ahli United Bank K.S.C.P, Emirates NBD Capital Limited ("EMCAP"), Emirates NBD Bank (P.J.S.C), Singapore Branch and Warba Bank K.S.C.P. acted as the Mandated Lead Arranger and Bookrunner ("MLABs") on the transaction.
Additionally, Emirates NBD Capital Limited also acted as the Documentation Agent on the transaction and Emirates NBD Bank (P.J.S.C) is the Global Agent, Conventional Facility Agent and the Investment (Islamic) Agent in relation to the Facilities.
The transaction was initially launched at US$ 115 Million. It received an overwhelming response from the market with significant oversubscription. Daewoo E&C chose to exercise the green-shoe option to upsize the Facilities to US$ 200 Million. The success of this transaction reiterates the strong regional and international investor confidence in Daewoo E&C and its growing global reputation stemming from its strong commercial competitiveness and extensive technical expertise; in 2020 despite the spread of COVID-19 pandemic, Daewoo E&C continued to have a stable operation of all business sectors to prove its resilience and strength, securing its sustainable future.
The Facilities are structured as a three-year amortizing facilities comprising both Conventional and Islamic tranches and will be utilized towards general corporate purposes. While Daewoo has regularly tapped the syndicated loan markets in the past, this transaction represents another important milestone in the expansion of its growing investor base through a longer dated issuance and helped Daewoo to successfully tighten the pricing and to tap Islamic liquidity available in the region.
The Facilities was closed with participation from a diversified mix of regional and international lenders as:
Coordinator and Mandated Lead Arranger and Bookrunner:
Emirates NBD Capital Limited ("EMCAP"), Emirates NBD Bank (P.J.S.C), Singapore Branch
Mandated Lead Arranger and Bookrunner
Ahli United Bank B.S.C. (DIFC Branch)
Ahli United Bank K.S.C.P.
Emirates NBD Bank (P.J.S.C), Singapore Branch
Warba Bank K.S.C.P.
Mandated Lead Arranger
Kuwait International Bank K.S.C.P.
Arrangers:
DenizBank AG
First Commercial Bank, Offshore Banking Branch
Hua Nan Commercial Bank, Ltd., Offshore Banking Branch
Taiwan Business Bank Ltd., Offshore Banking Branch
Finantia UK Ltd.
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