The FGB will act as the mandated lead arranger providing 25 per cent or $80.75 million of the total project value, as well as the Onshore Security Agent and the Onshore Accounts Bank.
Joining FGB as mandated lead arrangers are Bank of Tokyo-Mitsubishi UFJ Ltd, BNP Paribas, Calyon, which is the Facility Agent and Offshore Security Agent, Royal Bank of Scotland and Sumitomo Mitsui Banking Corporation.
Mubadala - Abu Dhabi’s fourth-largest and fastest growing investment arm was founded in 2002.
It directly invests in various sectors including energy, power, education, healthcare, real estate, basin industries and services. In 2008, Mubadala made its biggest single investment when it began to buy up $3.3 billion of shares in General Electric.
“His Highness Shaikh Khalifa bin Zayed Al Nahyan, the UAE President and General Shaikh Mohammad bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces, have urged the partnership of the private and public sectors in many initiatives now being implemented to position Abu Dhabi as a global hub for business, tourism and education, as well as increase the international standing of the UAE capital. FGB is committed to expressing its support and is pleased to being a part of such initiatives,” said Abdulhamid Saeed, FGB’s Managing Director.
“FGB continues to take impressive strides to ensure its status as a fully fledged financial institution delivering world class financial services and products to our clients. Partnering with Mubadala for this prestigious project is yet another milestone,” said André Sayegh, FGB’s CEO.
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