{"id":8720,"date":"2016-03-21T21:31:07","date_gmt":"2016-03-21T14:31:07","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=8720"},"modified":"2016-03-21T19:04:55","modified_gmt":"2016-03-21T12:04:55","slug":"abu-dhabis-aabar-signs-dh14-9bn-refinancing-loan","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabis-aabar-signs-dh14-9bn-refinancing-loan\/","title":{"rendered":"Abu Dhabi's Aabar signs Dh14.9bn refinancing loan"},"content":{"rendered":"


\n
\nAabar Investments has signed a \u20ac3.6 billion (Dh14.9bn) loan with a syndicate of banks primarily to refinance debt, the Abu Dhabi-based diversified investment firm said.”The five-year senior unsecured, non-guaranteed facility serves to refinance several of Aabar’s pre-existing facilities, and was arranged on tighter terms compared to previous facilities, reflecting the company’s improved credit profile and its strategic importance,” the company said.
\n“A further limited syndication of the facility is now in the process of being arranged.”Aabar, which is part of Abu Dhabi-based IPIC group, did not mention the size of the maturing debt or the terms of the syndication.The nine banks involved in the syndication are: Bank of America Merrill Lynch, BNP Paribas, HSBC, Intesa Sanpaolo, JP Morgan Chase, National Bank of Abu Dhabi, Natixis, Soci\u00c3\u00a9t\u00c3\u00a9 G\u00c3\u00a9n\u00c3\u00a9rale and Sumitomo Mitsui Banking Corporation.
\n“Locking in this long-term facility is important for Aabar as the company moves forward with its strategy of diversified investment in attractive global opportunities,” said Mohamed Al Mehairi, the chief executive of Aabar.Aabar invests in a range of sectors, including real estate, financial services, energy, commodities and aerospace.\u200bdalsaadi@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Abu Dhabi’s Aabar signs Dh14.9bn refinancing loan<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Aabar Investments has signed a \u20ac3.6 billion (Dh14.9bn) loan with a syndicate of banks...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-8720","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-2gE","jetpack-related-posts":[{"id":19728,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/arabtec-agrees-dh400-million-debt-facility-provided-by-aabar\/","url_meta":{"origin":8720,"position":0},"title":"Arabtec agrees Dh400 million debt facility provided by Aabar","date":"July 14, 2016","format":false,"excerpt":"\r Arabtec Holding, the country's largest-listed construction company, has agreed a Dh400 million debt facility to be provided by its largest shareholder. In a statement to the Dubai Financial Market, Arabtec said that the loan would be provided by Aabar, the investment fund controlled by the Abu Dhabi government. Arabtec,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12132,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabi-is-our-future-says-aabar-ceo\/","url_meta":{"origin":8720,"position":1},"title":"Abu Dhabi is our future, says Aabar CEO","date":"May 8, 2016","format":false,"excerpt":"\r Khalifa Al Mheiri said to affirm commitment to home emirate despite regional expansion plans\r \r Source : arabianbusiness.com\r Read more...Abu Dhabi is our future, says Aabar CEO","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2717,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uae-property-to-be-hit-by-lack-of-bank-funding-says-jll\/","url_meta":{"origin":8720,"position":2},"title":"UAE property to be hit by lack of bank funding, says JLL","date":"January 26, 2016","format":false,"excerpt":"\r \r Developers in the GCC will struggle to raise bank funding for new projects in 2016 as liquidity tightens across the region, according to JLL.The consultancy highlighted the lack of bank funding as the main trend to impact on real estate markets across the UAE in 2016. Citing worsening\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2494,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/arabtec-jv-receives-letter-of-intent-for-bahrain-airport-modernisation-works\/","url_meta":{"origin":8720,"position":3},"title":"Arabtec JV receives letter of intent for Bahrain airport modernisation works","date":"January 24, 2016","format":false,"excerpt":"\r \r Arabtec and its joint venture partner TAV Construction have received a letter of intent to complete the main modernisation works at Bahrain International Airport, the Dubai-listed contractor said on Sunday.The statement gave no details, including the value of the contract, the cost or the timetable for the project,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6350,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubais-arabtec-soars-14-amid-speculation-ex-chief-hasan-ismaik-is-adding-to-stake\/","url_meta":{"origin":8720,"position":4},"title":"Dubai's Arabtec soars 14% amid speculation ex chief Hasan Ismaik is adding to stake","date":"February 29, 2016","format":false,"excerpt":"\r \r Arabtec jumped to the highest in almost four months as traders speculated former chief executive Hasan Ismaik is adding to his stake.The builder soared 14 per cent to Dh1.44 12.15pm in Dubai, the biggest jump since June. More than 368 million shares changed hands, about 14-times the six-month\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13138,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/arabtec-looks-to-shore-up-balance-sheet-as-dubai-contractors-losses-narrow\/","url_meta":{"origin":8720,"position":5},"title":"Arabtec looks to shore up balance sheet as Dubai contractor's losses narrow","date":"May 15, 2016","format":false,"excerpt":"\r The contractor Arabtec has said that it is \"looking at ways to enhance its capital structure\" after posting its sixth successive quarterly loss on Sunday.The company said it \"is currently engaged in discussions with Aabar, its largest shareholder, in respect of potential options for cooperation and continues to remain\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/8720"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=8720"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/8720\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=8720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=8720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=8720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}