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Dubai’s JAFZA eyes loan launch-bankers

Posted on 28 March 2012

Dubai’s Jebel Ali Free Zone (JAFZA) is preparing to launch a large syndicated loan to partly refinance its $2 billion Islamic bond that matures in November, bankers familiar with the deal said.
JAFZA, which runs an industrial free zone on the outskirts of Dubai, is considering a $900 million syndicated loan, which will be followed by a $600 million sukuk and up to $500 million of cash repayments over the coming months, one of the bankers said………………………………………..Full Article: Source

 
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