Dubai’s Port & Freezone World signs in 14 lenders

A group of 14 international and regional banks have completed an $850m five year refinancing deal for Dubai-based Ports & Freezone World.

  • 29 Sep 2011

The amortising facility is almost equally split between conventional and Islamic tranches. The new deal refinances what remains of $1.15bn (equivalent) in syndicated loans arranged in September 2008.

The refinancing, that was oversubscribed, carries a margin of 350bp, in line with Dubai CDS when the deal was launched ...

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