ICD seeks $6bn in Dubai Inc loan onslaught
Dubai’s sovereign wealth fund, Investment Corporation of Dubai (ICD), is set to launch the latest and largest syndicated loan in a sudden deluge of Dubai government-related transactions to flood the market in the last two weeks.
Barclays Capital, Citigroup, HSBC and Royal Bank of Scotland are thought to be among the banks mandated as lead arrangers for what will be a debut $6bn facility.
Although no mandate has yet been signed, EuroWeek
understands that ICD is putting together a bank group for a $6bn facility
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