Investment Corporation of Dubai, the emirate’s main state-owned holding company, said it plans to raise $2 billion from a syndicated loan to refinance debt.
The facility will include both conventional and Islamic portions and have a tenor of five years, the company, known as ICD, said in an e-mailed statement today. The funds will go toward repaying the $2 billion five-year portion of an original $6 billion loan raised in August 2008, ICD said. That facility’s $4 billion three-year tranche was settled in August 2011.
Read more: http://www.bloomberg.com/news/2013-03-18/investment-corp-of-dubai-plans-2-billion-loan-to-refinance-debt.html
No comments:
Post a Comment