Dubai: Mashreq bank on Wednesday closed a $100 million (Dh367 million) dual tranche syndicated term facility for Stanbic Kenya Bank Limited — a subsidiary of the Standard Bank Group. The transaction closed nearly two and a half times oversubscribed. Mashreq, the sole coordinating bank and book-runner for Stanbic Bank Kenya’s fourth international syndication attracted many investors. Fourteen partners from the EMEAI region participated including: Afrasia Bank Limited, Al Ahli Bank of Kuwait K.S.C.P, Bank Muscat, Commerzbank AG, ICICI Bank, Investec Bank (Mauritius) Limited, London Forfaiting, Mizuho Bank, Ltd, National Bank of Ras Al-Khaimah, Standard Chartered Bank, State Bank Mauritius, The Mauritius Commercial Bank, United Arab Bank and Abu Dhabi Commercial Bank PJSC as agent bank.