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

DIFC Investments $1 bln loan near; to help sukuk refinance

Posted on 22 May 2012

DIFC Investments, the investment arm of the company running Dubai’s financial free zone, is close to securing a $1 billion loan from four banks to help refinance an upcoming Islamic bond maturity, a banking source familiar with the matter said.
Emirates NBD, Dubai’s largest lender, and Standard Chartered will contribute an equal amount into the deal, while Noor Islamic Bank and Dubai Islamic Bank, also join the deal but with a smaller commitment………………………………………..Full Article: Source

 
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