ICD loan breezes past launch amount

Investment Corporation of Dubai (ICD) has become the first of three Dubai firms with live deals in the syndicated loan market to close a transaction, signing an oversubscribed $2.55bn facility on Monday.

  • By Gerald Hayes
  • 14 Jun 2013

The state-owned firm launched the five year deal at $2bn in March. The facility is split between conventional and Islamic tranches.

ICD appointed Abu Dhabi Commercial Bank, Citi, Commercial Bank of Dubai, Emirates NBD and HSBC as mandated lead arrangers on the conventional portion of the loan.

Abu ...

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