MUFG has successfully delivered a landmark transaction for The Saudi Investment Bank (SAIB) raising a $750 million debut syndicated term loan targeted at Asian domiciled lenders.

MUFG acted as the sole Mandated Lead Arranger and Bookrunner on the transaction, which consisted of three-year and five-year tranches.

Strong investor appetite, with an excess of $1bn of commitments, saw the facility size increase from its initial $500 million launch size to $750 million at close. This deal represents a milestone for SAIB as their debut syndicated facility, providing the bank with diversification of funding sources together with the initiation of relationships with a significant number of Asian financial institutions.

Dale Baxter, EMEA Head of IG Loan Origination, MUFG EMEA, commented:

“We are delighted to support SAIB with this significant transaction. It reinforces our core competency in unlocking Asia for EMEA clients, drawing on our deep experience in the global loan markets, leveraging our market leading global distribution capabilities through an extensive network of Asian investors."

Naif Al-Hammad, Chief Treasury and Investment Officer, SAIB, said:

“We are extremely pleased with the successful execution of SAIB's debut syndicated term loan. It marks a significant milestone in our funding strategy, allowing us to diversify our funding sources and strengthen our relationships with a broad based of Asian financial institutions. MUFG's expertise and global distribution capabilities were instrumental in achieving such an outstanding result on this transaction".