Brunei Ministry of Finance mandates first syndicated loan

A $250 million loan represents the first ever offering from the sultanate in the international financial markets.

The Sultanate of Brunei is to tap the international markets for the first time with a syndicated loan offering on behalf of the Ministry of Finance. As had been widely anticipated, the deal will be lead managed by ABN AMRO, BNP Paribas and HSBC.

BNP Paribas will also act as facility agent on the $250 million deal, due to price at some point within the next week.

The tenor of the transaction is for five years - using...

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