Abu Dhabi's Senaat, a state-owned investor in the emirate's industrial sector, has obtained a dual-tranche revolving credit facility of USD400mn, it said on Monday. The three and five-year loan will replace an existing USD750mn 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 further detail. BNP Paribas and National Bank of Abu Dhabi (NBAD) are the joint loan coordinators. 

Natl. Bank of AD (AD)   : AED10.30 as of 20 Mar. 2017, Rating: Neutral, TP: AED10.40/share, MCap: USD14,622mn, NBAD UH/NBAD.AD