DDF refinances as Dubai borrowers watch margins fall

Dubai Duty Free (DDF) is hoping to reprice a $1.75bn six year loan it signed in July 2012. The borrower has watched the loans market and the margins on offer improve steadily, and will not be the only Middle East borrower wanting to push pricing tighter, said loans bankers.

  • By Steven Gilmore
  • 04 Jul 2013

The loan is split between dirham and dollar tranches, which were both priced at 325bp over Libor. DDF is hoping to knock 100bp off the domestic tranche, 75bp from the dollar loan and has already received approvals from several of the 26 banks that participated, said a Dubai-based ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access: mark.goodes@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Citi 10.72
2 Bank of America Merrill Lynch (BAML) 10.66
3 Credit Suisse 6.45
4 Lloyds Bank 6.42
5 JP Morgan 6.35

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%