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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Finance more

DIFCI reviewing loan options to repay Sukuk

Posted on 19 March 2012

DIFC Investments (DIFCI) is reported to be considering a loan of up to $1 billion to assist in repaying a $1.25 billion Sukuk that matures in June. DIFCI, the investment arm of Dubai International Financial Centre is apparently considering taking out a $1 billion loan as one of its options to help meet its debt obligations.
In February DIFCI hired US investment bank Moelis & Co to advise it on options for the Sukuk maturity. The five-year Sukuk which matures 13 June 2012 was initially sold by CIMB, Deutsche Bank, Dubai Islamic Bank, Emirates NBD, Goldman Sachs and Mashreq………………………………………..Full Article: Source

 
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