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Sovereign Wealth Funds Briefing - Categorized | Financials

Dubai SWF eyes $4bln loan refinancing deal - banker

Posted on 14 March 2011

From Arabianbusiness.com: Dubai’s sovereign wealth fund, Investment Corporation of Dubai (ICD) has asked banks to submit proposals on a new $4 billion, five-year loan refinancing, banking sources have said.
The loan, which is the largest to emerge from Dubai since its financial crisis, will refinance existing debt including a $6 billion loan, some of which is due to mature in 2011, a senior loan banker close to the deal said……………………………………….Full Article: Source


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