Oct 6 Omniyat, a Dubai-based property developer,
is syndicating a $100 million loan, banking sources said.
The debt facility has a three-year maturity and syndication
is in the final stages, they said. The company did not respond
to an emailed request for comment.
Abu Dhabi Islamic Bank is the sole lead bank on the loan. It
offers a margin in the region of 400 basis points over the
London interbank offered rate (Libor), a banking source said.
Since its launch in 2005, Omniyat has accumulated a
development portfolio of over $6.2 billion, according to its
(Reporting by Davide Barbuscia; Editing by Andrew Torchia)