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ICD launches $2bn loan refinancing
- United Arab Emirates: Tuesday, March 19 - 2013 at 07:37
Investment Corporation of Dubai (ICD) has announced it has launched syndication of $2bn conventional and Islamic financing facilities to refinance a $2bn loan due to mature in August, Reuters has reported. The new, five-year senior unsecured financing will replace the remaining $2bn five-year tranche of an original $6bn three- and five-year loan signed in August 2008. Abu Dhabi Commercial Bank, Citigroup, Commercial Bank of Dubai, Emirates NBD Bank and HSBC are mandated lead arrangers on the conventional facilities.
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