Nadra Bank Attracts USD 85 mln Syndicated Loan
11 July 2008
Nadra Bank (NADR: N/R) recently announced that it signed a facility agreement for a two-year USD 85 mln syndicated loan. The lead organizers of the issue are BayernLB, Raiffeisen Zentralbank Oesterreich AG and Standard Bank. The loan will be structured in two tranches: Tranche A (year one) pays LIBOR+1.5 and Tranche B (year two) pays LIBOR+2.1.
