Jebel Ali Free Zone FZE, a business park operator in Dubai, plans to raise a $900 million syndicated loan to help repay a 7.5 billion-dirham ($2 billion) Islamic bond maturing in November, a banker familiar with the plan said.
The company expects to sell a $500 million sukuk, raise at least $200 million from the sale of its U.K.-based Gazeley Ltd. unit and pay the remaining with its own cash, the banker said, declining to be identified because the information is private………………………………………..Full Article: Source