Mashreq Bank announced the closing of a syndicated loan facility of $2 billion, split into two tranches: one for 3 years and another for 5 years. This deal represents the largest financing transaction in the bank's history. The transaction was completed in two phases. In the first phase, acting as the sole global coordinator of the loan, Mashreq invited a group of partner banks from financial institutions in the United States, Europe, Australia, and Japan, as well as major banks from China, Taipei, and South Korea, to participate in the deal. This deal marks Mashreq's return to the syndicated loans market, with its last participation in such deals being in 2014. The first phase was successfully completed.
