Flydubai refis sukuk to loan

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Flydubai refis sukuk to loan

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GMG90K Flydubai Boeing B737, aircraft, airplane, Prague | Alamy Stock Photo

State-owned airline Dubai Aviation Corporation, known as flydubai, has refinanced its debut sukuk into a term loan — a rare win this year for the loan market, which has declined while attractive issuance conditions boost DCM volumes.

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