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Sovereign Wealth Funds Briefing - Categorized | Financials

Dubai’s ICD raises $2.55 bln to refinance part of $6 bln loan

Posted on 12 June 2013

Investment Corp of Dubai (ICD), the holding company for some of the emirate’s best-known companies, has signed an upsized $2.5bn, five-year loan facility, it has said in a statement.
The new deal, which was arranged by a group of eight local and international banks, refinances an existing $2bn facility which is due to mature in August. Bankers told Reuters last month that the new loan had attracted heavy demand from lenders, with ICD considering an increase on its original $2bn target………………………………………..Full Article: Source


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