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Introducing Signature, a programme of distinction reserved for the upper crust of Emirates NBD
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Start your banking journey with the leading bank in the region.
Find a suitable account and applyDiscover the benefits of being our customer by browsing through our banking packages.
Learn more about banking packagesLearn all about how to use your account's features and benefits to the fullest.
Visit our dedicated support center for answers to all your banking-related questions.
All our cards offer you an exciting range of rewards and benefits.
Find a suitable card and applyGet the most out of your credit card by exploring its different benefits.
Learn all about how to use your card's features and benefits to the fullest.
Visit our dedicated support center for answers to all your banking-related questions.
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.
Learn more about our services and get the most out of your banking relationship with us.
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.
19 June 2024 - National Bank of Egypt S.A.E. (“NBE” or the “Borrower”) is pleased to announce the successful signing of a USD 1 Billion Senior Unsecured Syndicated Term Loan Facility (“Facility”) on 23 May 2024.
Together Emirates NBD Capital Limited, Mashreqbank PSC and Firstrand Bank Limited (acting through its Rand Merchant Bank Division) acted as the Global Coordinators ("Coordinators"). Emirates NBD Capital Limited acted as the “Syndication Agent”, Mashreqbank PSC acted as "Documentation Agent". First Abu Dhabi Bank PJSC is the appointed “Facility Agent”.
Abu Dhabi Commercial Bank PJSC, Abu Dhabi Commercial Bank – Egypt, Africa Finance Corporation, Al Ahli Bank Of Kuwait K.S.C.P. (DIFC Branch), Arab Banking Corporation (B.S.C.), Emirates NBD Capital Limited, First Abu Dhabi Bank PJSC, Firstrand Bank Limited (acting through its Rand Merchant Bank Division), HSBC Bank Middle East Limited, Mashreqbank PSC, National Bank of Kuwait S.A.K.P, Bahrain Branch, Standard Chartered Bank and The Mauritius Commercial Bank Limited acted as the Initial Mandated Lead Arrangers and Bookrunners (the “IMLABs”) and Commerzbank Aktiengesellschaft, Doha Bank Q.P.S.C., Eastern and Southern African Trade and Development Bank, Sumitomo Mitsui Banking Corporation - DIFC Branch, Dubai, The National Bank of Ras Al-Khaimah (P.S.C), and The Standard Bank of South Africa Limited acted as the Mandated Lead Arrangers and Bookrunners (the “MLABs”)for the Facility.
Facility will be used for general corporate funding purposes and trade finance requirements of NBE.
Despite the market volatility amidst the current geo-political conditions, the transaction received an overwhelming response from the market. Following strong global demand from 19 institutions from across the globe, including from Western Europe, Asia, Africa and the Middle East, the facility was 1.7 times oversubscribed from the original launch amount of USD 750 Million, at senior mandate level. NBE choose to opt for green shoe option and closed the transaction at USD 1 Billion post scale back.
The success of the deal emphasizes the strength of NBE's banking relationships and credit strength, as well as demonstrates the market’s positive sentiment and trust in the Egyptian economy.
NBE indicated that the successful closure of the transaction with oversubscription of 1.7 times conveys a strong indication of the international perception toward NBE’s stable financial position and a belief in its role to support the economy as a whole.
The wide range of international banks joining the transaction comes as a proof of NBE's extensive relations and follows its strategy of diversified funding sources
We would like to extend our sincere appreciation to our Coordinators for a well-arranged milestone transaction and our financing partners for their long-standing commitment to NBE.
About NBE
National Bank of Egypt is the oldest commercial bank in Egypt. It was established on 25 June 1898 and operates in conformity with Law No. 88 for 2003 in Arab Republic of Egypt. Throughout its history NBE’s functions and roles have continuously developed to support the economic and political changes in Egypt. During the 1950’s, NBE assumed the central bank’s duties and after its nationalization in 1960s, it was converted to a commercial bank. At present, NBE is Egypt’s flagship bank and is 100% owned by the Arab Republic of Egypt.
NBE has an extensive network of more than 640 branches, offices and banking units nationwide (serving nearly 19 million customers as at June 2023). Additionally, the Bank maintains an effective international presence in most continents of the world through National Bank of Egypt (UK) Limited, National Bank of Egypt (Khartoum) – Sudan, NBE Juba PLC (South Sudan), New York and Shanghai branches (in USA and China), and representative offices in Johannesburg – South Africa, Dubai – UAE and Addis Ababa – Ethiopia, plus NBE (DIFC) Limited for financial advice. This is in addition to a vast correspondent bank network around the globe (Europe – USA – Australia – Canada – the Far East – Africa – the Arabian Gulf).
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Syndicate Banks
Global Coordinators
INITIAL Mandated Lead Arrangers and Bookrunners
Mandated Lead Arrangers and Bookrunners
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