12.02.2013 - Refinancing talks on Dubai sovereign wealth fund
Talks are at an early stage and more detail is expected to emerge in the coming weeks about how the Investment Corporation of Dubai (ICD) plans to handle the loan's maturity. The loan is the second tranche of a $6 billion facility that the ICD raised in September 2008. Unfavourable market conditions meant that the ICD did not take up a refinancing package for the previous $4 billion, opting instead to repay the full amount, but bankers believe that improved sentiment towards Dubai as a borrower will make the pricing more attractive and a new loan more likely this time...............................................Full Article: Source
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