Pubali Bank has ended a US$ 52 million syndicated loan facility, which was arranged by the Bank Muscat (Sultanate of Oman).
The transaction received strong participation from international financial institutions, with lenders from Asia, Europe and Middle East actively supporting it.
The landmark transaction, initially launched for a facility size of $35 million, achieved significant oversubscription of about 48 per cent, and was then scaled up to finally close at $52 million.
The loan facility will provide liquidity services to local banks and local import and export businesses to strengthen the country’s economic growth as well as generating up to $200 million of additional trade every year.
It will fulfill the needs of over 28 million retail and small and medium enterprise clients and support key sectors such as readymade garments, manufacturing and food processing and production and agro-based industries.