The award was presented to a representative of ABB Bank at a ceremony held in Istanbul.
The Global Banking & Markets, an organization that evaluates the most innovative and significant financial transactions globally, honored ABB Bank’s USD 200 million syndicated loan, raised in April this year, with the “Deal of the Year” award for Azerbaijan.
The Global Banking & Markets works to strengthen the financial markets’ connections with the international investment community, helping reduce transaction costs and risks while improving efficiency. In selecting award-winning transactions, the organization considers factors such as transaction size, maturity, structure, execution quality, and the new opportunities created by the transaction.
It should be noted that ABB Bank secured the syndicated loan that received the “Deal of the Year” award for Azerbaijan from 12 financial institutions from the UAE, Germany, Austria, Switzerland and the United Kingdom, with Mashreqbank acting as the arranger and Abu Dhabi Commercial Bank serving as the agent bank. This marked ABB Bank’s return to the international financial markets after many years.
ABB Bank’s return to international financial markets after several years, together with the recognition it received, strengthens its capacity to finance its business and has a positive impact on its liquidity position and profitability. The high level of confidence in ABB Bank in international markets creates opportunities to attract long-term funding, expand the Bank’s investor base and strengthen its regional reach.
More information about The Global Banking & Markets is available here.
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