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Borse Dubai resumes loan talks
- United Arab Emirates: Saturday, November 08 - 2008 at 08:52
Government-run Borse Dubai has resumed talks with banks over a syndicated loan in order to refinance the company's $3.78bn loan agreed in March, Gulf News has reported. The loan will be used to back its acquisition of Nordic exchanges group OMX. One of the bank sources has mentioned that the new loan will total $1.5-$2bn. Borse Dubai and the Nasdaq Stock Market concluded a $4.9bn deal in February to buy OMX.
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Medilyn Manibo, Assistant News EditorSaturday, November 08 - 2008 at 08:52 UAE local time (GMT+4)
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