Mashreq closes US$88 million syndicated term loan facility for Joint-Stock Commercial Bank “Agrobank”

The deal marks the first transaction for an Uzbekistan state-owned bank in the MENA region

Dubai, UAE – February 27, 2024: Mashreq, a leading financial institution in the MENA region, announced the closing of a US$88 million one-year syndicated term loan facility for Joint-Stock Commercial Bank “Agrobank”.

Mashreq acted as sole coordinator, initial mandated lead arranger, bookrunner, and facility agent for the deal. Marking a debut transaction for an Uzbekistan state-owned bank in the MENA region, the facility was oversubscribed by 75%, and its proceeds will be used towards general corporate purposes.

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