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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Financials, Market

ICD studies all options to close funding gap

Posted on 02 June 2011

Dubai’s biggest debt-raising operation to emerge since the Dubai World financial crisis has just been launched ahead of a September deadline to pay back a US$3.75 billion (Dh13.77bn) loan in three months.
But as the deadline nears, the efforts - believed to have been successful - of the Investment Corporation of Dubai (ICD) to raise $2.8bn in new bank finance has stirred questions in the banking world on how the Government’s investment arm plans to repay the rest……………………………………….Full Article: Source


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