DUBAI, March 20 Abu Dhabi's Senaat, a
state-owned investor in the emirate's industrial sector, has
obtained a dual-tranche revolving credit facility of $400
million, it said on Monday.
The three and five-year loan will replace an existing $750
million revolving facility raised in 2013 and will back Senaat's
general corporate requirements.
The new facility, provided by 11 financial institutions, is
priced below the 2013 loan, Senaat said without providing
BNP Paribas and National Bank of Abu Dhabi are the joint
(Reporting by Hadeel Al Sayegh; Writing by Davide Barbuscia;
Editing by David Goodman)