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Tuesday, November 10 - 2009

Dubai World Corporation USD 2,7 billion 364 day Syndicated Term Loan Facility

  • United Arab Emirates: Tuesday, September 11 - 2007 at 08:07
  • PRESS RELEASE

Dubai World Corporation announced on Monday that it is in the process of raising USD.7 bllion in loans to support its global acquisition and investment strategies, as well as for general corporate purposes.

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Credit Suisse International, Deutsche Bank AG, London Branch, and The Royal Bank of Scotland plc are the Initial Mandated Lead Arrangers and Joint Bookrunners and have been mandated to arrange Dubai World's debut 364-day Syndicated Term Loan Facility.

Ms. Maryam Sharaf, Group Chief Financial Officer, Dubai World, said:

"This is a significant new stage in Dubai World's corporate funding strategy as we expand globally. The Syndicated Term Loan Facility demonstrates the strength and standing of Dubai World Corporation in the international financial markets and the quality of its relationships with the banking community."


Dubai World Corporation is a decree company created and wholly owned by the Government of Dubai. It manages and supervises a diversified conglomerate of businesses, investments and projects spanning over 100 different cities around the world and employing over 50,000 people.

Dubai World's key subsidiaries include DP World Limited, Istithmar, Nakheel, Economic Zones World, DryDocks&Maritime World, and Limitless. Aggregating all of the diverse business operations makes Dubai World one of the world's largest holding companies.

Syndication of the Facility was launched on September 4 to a selected group of financial institutions. Management Presentations for the benefit of potential lenders, presenting an overview of Dubai World and its core operating subsidiaries and detailing the transaction, will take place, apart from London, in Dubai (September 11) and Hong Kong (September 14).
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Notes and media contacts

For further information, please contact:
Dubai World
Sanaa Maadad, Manager, Media Department
WVC, Dubai World
Tel: +971 50 552 2610

Credit Suisse Securities (Europe) Limited
Adrian Walker, Director
Fixed Income
Tel: +44 20 7888 4372

Deutsche Bank AG
Goetz Laue, Managing Director
Loan Capital Markets
Tel: +44 20 7454 7262

The Royal Bank of Scotland plc
Sean Malone, Managing Director
Global Banking & Markets
Tel: +44 20 7085 2505

About Dubai World
Dubai World is a major holding company that manages and supervises a portfolio of businesses and projects for Dubai Government and contributes to the rapid economic growth of the emirate across a wide range of strategic industry segments and projects that make Dubai a leading hub for commerce and trading.

Chaired by Sultan Ahmed Bin Sulayem, Dubai World was mandated with a vision to continue expanding Dubai's aggressive growth, at home and abroad. It comprises of development, investment, marine services, commodities, and ports and free zone businesses. (www.dubaiworld.ae)


About Credit Suisse
As one of the world's leading banks, Credit Suisse provides its clients with investment banking, private banking and asset management services worldwide. Credit Suisse offers advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as retail clients in Switzerland. Credit Suisse is active in over 50 countries and employs approximately 45,000 people. Credit Suisse's parent company, Credit Suisse Group, is a leading global financial services company headquartered in Zurich. Credit Suisse Group's registered shares (CSGN) are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.

About Deutsche Bank
Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 75,140 employees in 75 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people. www.db.com

About The Royal Bank of Scotland Plc
The Royal Bank of Scotland (RBS) is a broadly based financial services group with operations spanning clearing banking, corporate banking, financial services, investment management and insurance, both in the UK and overseas. It is the third largest bank in Europe and the Group serves more than 35 million customers worldwide.
Global Banking & Markets (GBM) is a leading banking partner to major corporates and financial institutions around the world, specialising in providing these customers with a full range of debt financing, risk management and investor services.

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