BRIEF-FFP places EUR 155 mln in 8 yr bonds
* PLACEMENT CONSISTS OF €155 MILLION OF BONDS MATURING IN JULY 2025 PAYING AN ANNUAL COUPON OF 2.500%.
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 website. (Reporting by Davide Barbuscia; Editing by Andrew Torchia)
* Intesa Sanpaolo's acquisition of good assets of failing banks Veneto Banca and Banca Popolare di Vicenza is credit positive because they will increase the bank's current client base and unlock economies of scale