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Sovereign Wealth Funds Briefing - Categorized | Financials

Dubai’s ICD agrees $2.8 bln loan

Posted on 06 May 2011

Dubai’s sovereign wealth fund ICD launched a $2.8 billion, five-year loan refinancing on Thursday which is the largest loan to emerge from Dubai since its financial crisis, banking sources said.

Citigroup, Emirates Bank and HSBC Bank have been appointed to co-ordinate a conventional tranche and Dubai Islamic Bank and Standard Chartered are leading an Islamic tranche……………………………………….Full Article: Source


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