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Jebel Ali Free Zone said to begin talks for loan to repay bond

Posted on 08 February 2012

Jebel Ali Free Zone FZE, a business park operator in Dubai, is in talks with banks for a loan to help pay a 7.5 billion-dirham ($2 billion) Islamic bond maturing in November, two people familiar with the matter said.
The state-controlled company has begun discussions with Dubai Islamic Bank PJSC, National Bank of Abu Dhabi PJSC and Standard Chartered Plc to raise about half the amount in a loan, the people said, declining to be identified because the information is private………………………………………..Full Article: Source

 
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