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Emirates NBD Arranges Dual-currency Syndicated Financing for Istanbul Metropolitan Municipality

MT Newswires·12/16/2025 03:34:12
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03:34 AM EST, 12/16/2025 (MT Newswires) -- Emirates NBD (DFM:EMIRATESNBD) led a dual-currency syndicated financing totalling $75 million and 20 million euros for the Istanbul Metropolitan Municipality. The five-year conventional and Shariah-compliant term financing facilities will be used to fund the development of a strategic infrastructure project in Istanbul, Turkey, according to a Tuesday release. The Dubai-listed lender served as facility agent while its unit Emirates NBD Capital acted as sole coordinator, initial mandated lead arranger, and bookrunner for the financing. The participating banks also included Al Ahli Bank of Kuwait, Intesa Sanpaolo (ISP.MI), and Sharjah Islamic Bank (ADX:SIB).